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WAYZATA, Minn. (AP) _ Northern Oil and Gas Inc. (NOG) on Thursday reported fourth-quarter net income of $103.6 million.
The Wayzata, Minnesota-based company said it had net income of $1.71 per share. Earnings, adjusted for non-recurring gains, were 21 cents per share.
The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The independent oil and gas company posted revenue of $257.5 million in the period, which also topped Street forecasts. Analysts expected $102.1 million, according to Zacks.
For the year, the company reported profit of $163.7 million, or $2.69 per share. Revenue was reported as $595 million.
Northern Oil and Gas shares have climbed 44 percent since the beginning of the year. The stock has fallen 49 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOG at http://www.zacks.com/ap/NOG
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Keywords: Northern Oil and Gas, Earnings Report
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Northern Oil and Gas Inc.
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CODE : NOG |
ISIN : US6655311099 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Northern Oil and Gas is based in United states of america. Northern Oil and Gas holds various exploration projects in USA. Its main exploration properties are BAKKEN SHALE, MONTANA RED RIVER and TRENTON/BLACK RIVER in USA. Northern Oil and Gas is listed in United States of America. Its market capitalisation is US$ 2.9 billions as of today (€ 2.7 billions). Its stock quote reached its lowest recent point on March 20, 2020 at US$ 0.50, and its highest recent level on April 26, 2024 at US$ 43.27. Northern Oil and Gas has 65 944 133 shares outstanding. |