Northern Oil & Gas (NOG) Set to Announce Quarterly Earnings on Tuesday

Northern Oil & Gas (NYSEAMERICAN:NOG) is scheduled to post its quarterly earnings results before the market opens on Tuesday, March 12th. Analysts expect Northern Oil & Gas to post earnings of $0.14 per share for the quarter.

Shares of NYSEAMERICAN NOG opened at $2.41 on Tuesday. Northern Oil & Gas has a 12-month low of $1.47 and a 12-month high of $4.49.

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NOG has been the subject of a number of recent analyst reports. Imperial Capital set a $3.00 price objective on Northern Oil & Gas and gave the stock a “hold” rating in a research report on Wednesday, January 23rd. SunTrust Banks reissued a “buy” rating and issued a $4.00 price objective on shares of Northern Oil & Gas in a research report on Thursday, November 29th. Finally, Zacks Investment Research cut Northern Oil & Gas from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Northern Oil & Gas has an average rating of “Buy” and an average target price of $4.17.

In other news, major shareholder Crestview Partners Iii Gp, L.P sold 4,198,650 shares of the firm’s stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $2.96, for a total value of $12,428,004.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 10,147,584 shares of company stock valued at $27,248,208 in the last three months.

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About Northern Oil & Gas

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 Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana.

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