Northern Oil and Gas, Inc. Announces 2018 Second Quarter Results and Increases 2018 Production Guidance
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Northern Oil And Gas (NOG) Tops Q2 EPS by 1c, Revenues Beat
August 9, 2018 6:09 AM EDTNorthern Oil And Gas (NYSE: NOG) reported Q2 EPS of $0.09, $0.01 better than the analyst estimate of $0.08. Revenue for the quarter came in at $109.05 million versus the consensus estimate of $92.86 million.
Raising full year 2018 production guidance; expect average daily production to increase by 60 - 64% over 2017.Second quarter production exceeded expectations, increasing 53% year-over-year and 17% sequentially to average 21,046 barrels of oil equivalent (Boe) per day.Exited the second quarter with 16.4 net wells in process... More