Northern Oil and Gas Inc reports results for the quarter ended September 30 - Earnings Summary

• Northern Oil and Gas Inc NOG.N reported quarterly adjusted earnings of $1.03​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.40. The mean expectation of eleven analysts for the quarter was for earnings of 86 cents per share. Wall Street expected results to range from 66 cents to 98 cents per share.

• Revenue fell 35.5% to $485.87 million from a year ago; analysts expected $521.12 million.

• Northern Oil and Gas Inc's reported EPS for the quarter was a loss of $1.33​.

• The company reported a quarterly loss of $129.07 million.

• Northern Oil and Gas Inc shares had fallen by 17.4% this quarter and lost 44.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.7% in the last three months.​

• In the last 30 days, ten analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for Northern Oil and Gas Inc is $30.00, about 31.7% above its last closing price of $20.48

This summary was machine generated from LSEG data November 7 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)