| Northern Oil and Gas reports 1Q loss | |
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WAYZATA, Minn. (AP) _ Northern Oil and Gas Inc. (NOG) on Monday reported a loss of $126.6 million in its first quarter.
The Wayzata, Minnesota-based company said it had a loss of $2.08 per share. Earnings, adjusted for non-recurring costs, were 1 cent per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The independent oil and gas company posted revenue of $31.8 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $44.2 million.
In the final minutes of trading on Monday, the company's shares hit $4.63. A year ago, they were trading at $7.83.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOG at http://www.zacks.com/ap/NOG
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Keywords: Northern Oil and Gas, Earnings Report
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Northern Oil and Gas Inc.
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CODE : NOG |
ISIN : US6655311099 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Northern Oil and Gas is based in United states of america. Northern Oil and Gas holds various exploration projects in USA. Its main exploration properties are BAKKEN SHALE, MONTANA RED RIVER and TRENTON/BLACK RIVER in USA. Northern Oil and Gas is listed in United States of America. Its market capitalisation is US$ 2.4 billions as of today (€ 2.2 billions). Its stock quote reached its lowest recent point on March 20, 2020 at US$ 0.50, and its highest recent level on September 19, 2024 at US$ 36.90. Northern Oil and Gas has 65 944 133 shares outstanding. |