On Friday, Shares of Northern Oil & Gas, Inc. (NYSE: NOG) surged 6.78 percent to $3.15. The stock recorded $2.98 as its minimum price and hit the max level of $3.17, during its most recent trading session. It traded total volume of 8.73M shares higher than the average volume of 3.83M shares.
Northern Oil and Gas Inc. (NOG) on Monday stated first-quarter profit of $3.0M. On a per-share basis, the Minnetonka, Minnesota-based company said it had profit of 5 cents. Earnings, adjusted for non-recurring costs, came to 17 cents per share. The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The independent oil and gas company posted revenue of $66.60M in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $77.20M.
NOG has the market capitalization of $821.18M and its EPS growth ratio for the past five years was -16.40 percent. The return on assets ratio of the Company was -4.10 percent while its return on investment ratio stands at 12.30 percent. Price to sales ratio was 3.66 while 5.40 percent of the stock was owned by institutional investors.