Northern Oil and Gas (NOG - Free Report) closed the most recent trading day at $3.75, moving +0.54% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.59%. At the same time, the Dow lost 0.35%, and the tech-heavy Nasdaq lost 0.88%.
Coming into today, shares of the independent oil and gas company had gained 11.01% in the past month. In that same time, the Oils-Energy sector gained 0.61%, while the S&P 500 lost 4.1%.
Investors will be hoping for strength from NOG as it approaches its next earnings release, which is expected to be November 14, 2018. In that report, analysts expect NOG to post earnings of $0.12 per share. This would mark year-over-year growth of 200%. Our most recent consensus estimate is calling for quarterly revenue of $115.50 million, up 177.64% from the year-ago period.
NOG's full-year Zacks Consensus Estimates are calling for earnings of $0.55 per share and revenue of $417.60 million. These results would represent year-over-year changes of +292.86% and +100.35%, respectively.
Investors should also note any recent changes to analyst estimates for NOG. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 5.77% higher within the past month. NOG currently has a Zacks Rank of #2 (Buy).
Digging into valuation, NOG currently has a Forward P/E ratio of 6.78. This represents a discount compared to its industry's average Forward P/E of 18.81.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 106, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Northern Oil and Gas (NOG - Free Report) closed the most recent trading day at $3.75, moving +0.54% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.59%. At the same time, the Dow lost 0.35%, and the tech-heavy Nasdaq lost 0.88%.
Coming into today, shares of the independent oil and gas company had gained 11.01% in the past month. In that same time, the Oils-Energy sector gained 0.61%, while the S&P 500 lost 4.1%.
Investors will be hoping for strength from NOG as it approaches its next earnings release, which is expected to be November 14, 2018. In that report, analysts expect NOG to post earnings of $0.12 per share. This would mark year-over-year growth of 200%. Our most recent consensus estimate is calling for quarterly revenue of $115.50 million, up 177.64% from the year-ago period.
NOG's full-year Zacks Consensus Estimates are calling for earnings of $0.55 per share and revenue of $417.60 million. These results would represent year-over-year changes of +292.86% and +100.35%, respectively.
Investors should also note any recent changes to analyst estimates for NOG. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 5.77% higher within the past month. NOG currently has a Zacks Rank of #2 (Buy).
Digging into valuation, NOG currently has a Forward P/E ratio of 6.78. This represents a discount compared to its industry's average Forward P/E of 18.81.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 106, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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