Northern Oil and Gas (NYSE:NOG – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.26, Briefing.com reports. Northern Oil and Gas had a net margin of 27.37% and a return on equity of 32.99%. The business had revenue of $560.80 million for the quarter, compared to analysts’ expectations of $542.28 million. During the same quarter last year, the company earned $1.49 EPS. The business’s revenue was up 17.7% on a year-over-year basis.
Northern Oil and Gas Trading Down 4.3 %
Shares of Northern Oil and Gas stock traded down $1.87 during mid-day trading on Thursday, hitting $41.32. The stock had a trading volume of 645,113 shares, compared to its average volume of 1,332,118. The firm has a market cap of $4.18 billion, a P/E ratio of 7.04 and a beta of 1.79. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.97. The firm has a 50-day moving average of $38.96 and a two-hundred day moving average of $38.21. Northern Oil and Gas has a 12-month low of $31.13 and a 12-month high of $43.80.
Insider Activity
In related news, President Adam A. Dirlam sold 1,392 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $40.86, for a total transaction of $56,877.12. Following the completion of the transaction, the president now owns 109,020 shares of the company’s stock, valued at approximately $4,454,557.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Nicholas L. O’grady sold 3,750 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $38.01, for a total transaction of $142,537.50. Following the sale, the chief executive officer now owns 224,332 shares of the company’s stock, valued at approximately $8,526,859.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Adam A. Dirlam sold 1,392 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $40.86, for a total value of $56,877.12. Following the completion of the transaction, the president now directly owns 109,020 shares of the company’s stock, valued at $4,454,557.20. The disclosure for this sale can be found here. Insiders have sold a total of 6,534 shares of company stock valued at $252,144 in the last quarter. Insiders own 2.80% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Northern Oil and Gas
Northern Oil and Gas Company Profile
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. It primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States.
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