$324.21 Million in Sales Expected for Northern Oil and Gas, Inc. (NYSE:NOG) This Quarter

Wall Street analysts expect Northern Oil and Gas, Inc. (NYSE:NOGGet Rating) to post sales of $324.21 million for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Northern Oil and Gas’ earnings, with estimates ranging from $302.00 million to $397.00 million. Northern Oil and Gas posted sales of $157.33 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 106.1%. The business is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Northern Oil and Gas will report full year sales of $1.52 billion for the current financial year, with estimates ranging from $1.28 billion to $1.99 billion. For the next year, analysts expect that the firm will report sales of $1.86 billion, with estimates ranging from $1.56 billion to $2.18 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Northern Oil and Gas.

Separately, StockNews.com assumed coverage on Northern Oil and Gas in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

Northern Oil and Gas stock traded down $0.81 during mid-day trading on Friday, reaching $24.98. 600,299 shares of the company were exchanged, compared to its average volume of 839,650. Northern Oil and Gas has a 12 month low of $14.03 and a 12 month high of $30.44. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market cap of $1.93 billion, a PE ratio of -24.49, a price-to-earnings-growth ratio of 0.38 and a beta of 2.25.

About Northern Oil and Gas (Get Rating)

Northern Oil and Gas, Inc, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States.

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