Preview: Northern Oil & Gas's Earnings
Portfolio Pulse from Benzinga Insights
Northern Oil & Gas (NYSE:NOG) is scheduled to release its quarterly earnings report on February 22, 2024. Analysts predict an EPS of $1.69. The company's past earnings performance shows a mix of hits and misses against estimates, with share price reactions varying accordingly. Shares are currently trading at $33.57, reflecting a 9.04% increase over the last 52 weeks. Investors are keenly awaiting the report and guidance for future growth.
February 21, 2024 | 4:01 pm
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Northern Oil & Gas is expected to announce its quarterly earnings with an anticipated EPS of $1.69. Historical data shows variable stock price reactions to earnings reports. Currently, shares have risen 9.04% over the past year.
Given the anticipation of the earnings report and the historical positive reaction to earnings announcements, NOG's stock is likely to experience upward movement if the EPS meets or exceeds expectations. The company's past performance, including a recent 9.04% increase in share price, suggests a positive investor sentiment that could be further bolstered by strong earnings and guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100