Northern Oil and Gas Inc reports results for the quarter ended December 31 - Earnings Summary

• Northern Oil and Gas Inc NOG.N reported quarterly adjusted earnings of $1.11​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.61. The mean expectation of twelve analysts for the quarter was for earnings of $1.11 per share. Wall Street expected results to range from 71 cents to $1.22 per share.

• Revenue fell 35.1% to $514.98 million from a year ago; analysts expected $558.45 million.

• Northern Oil and Gas Inc's reported EPS for the quarter was 71 cents​.

• The company reported quarterly net income of $71.7 million.

• Northern Oil and Gas Inc shares had fallen by 5.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.1% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 4 "hold" and no "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 $47.75

This summary was machine generated from LSEG data February 19 at 10:41 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)