Dallas, Texas 05/12/2014 (FINANCIALSTRENDS) –Northern Oil & Gas, Inc (NYSEMKT: NOG) released its earnings-data on Thursday. It reported earnings per share of $0.19 for the quarter, which missed the average analysts’ projection of $0.24 by $0.05. It reported revenue of $82.12M for the quarter, in comparison to the average projection of $93.76M . In the same quarter of the previous year, the company had posted earnings per share of $0.29. The company’s revenue rose 20.9% in comparison to the same quarter of the previous year .
Analyst speak
A number of analysts have weighed on the NOG stock lately Zacks analysts have upgraded the company shares from an “underperform” to a “neutral” rating in the research note on 1 April. They now have a price target of $15.00 on the stock. On ratings front, the analysts at Howard Weil axed their PT on the company’s shares from $26.00 to $21.00 in the research note on March 7th. They have now set a “sector outperform” rating on the company stock.
What NOG does
Finally, the analysts at Wunderlich axed their price-target on the shares of Northern Oil & Gas, Inc (NYSEMKT: NOG) from $20.00 down to $17.00 in the research note on 3 March. They now have a rating of “buy” on NOG stock. One research-analyst has rated the company stock with a “hold” rating and 5 have assigned a “buy” rating to the NOG stock. The average rating on the company is a “Buy” and the average price target is $18.83. Northern Oil and Gas is an independent-energy company. Northern Oil & Gas, Inc (NYSEMKT:NOG) is involved in acquiring & exploration, development as well as he production of oil & natural gas properties, mainly in the Bakken & the Three Forks formations in the Williston Basin within North Dakota & in Montana.
