Published On: Mon, May 9th, 2016
Uncategorized | By Sylvia Delisle

Northern Oil and Gas, Inc. (NASDAQ:NOG) To Release Earnings

Analysts await Northern Oil and Gas, Inc. (NASDAQ:NOG) to report earnings on May, 09 for the fiscal quarter ending Mar 2016.

They expect $-0.04 EPS, down 350% or $0.14 from last year’s $0.1 per share.

At the moment 11 analysts are watching Northern Oil and Gas, Inc. (NASDAQ:NOG), 1 rate it “Buy”, 2 “Outperform”, 7 “Underperform”, 0 “Sell”, while 1 “Hold”.

Looking forward, for the quarter ending Jun-16, 9 analysts have a mean sales target of 52.62 million. For the quarter ending Sep-16, 9 analysts have a mean sales target of 48.45 million whilst for the year ending Dec-16, 9 analysts have a mean target of 199.39 million.

In terms of earnings per share, 11 analysts have a 0.00 EPS mean target for the quarter ending Jun-16, for the quarter ending Sep-16, 11 analysts have a -0.08 EPS mean target and for the quarter ending Sep-16 there are 11 estimates of -0.16 EPS.

The biggest institutional shareholders in Northern Oil and Gas, Inc. include Fine Capital Partners LP which owns 6 million shares in the company valued at $24.04 million. Fidelity Management and Research Company is the second biggest holder with 6 million shares currently valued at 20.29 million whilst Vanguard Group Inc has 4 million shares valued at 16.99 million.

Total shares held by institutions as of the most recent company filings are 43,543,271 with a reported 3,299,184 bought and 10,885,614 sold. These holdings make up 68.98% of the company’s outstanding shares.

Currently insiders hold 7,785,198 shares in the business which makes up 12.33% of shares. The biggest holder currently is Robert B. Rowling who owns 12,461,885 shares (19.74% of those outstanding), whilst Michael L. Reger holds 4,467,753 (7.08% of shares outstanding) and Ryan R. Gilbertson holds 894,210 (1.42% of shares outstanding).

The stock decreased 2.44% or $0.12 during the last trading session, hitting $6.26. Northern Oil and Gas, Inc. (NASDAQ:NOG) has risen 13.1% over the past 6 months and is uptrending.

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