MINNETONKA, Minn. (AP) — MINNETONKA, Minn. (AP) — Northern Oil and Gas Inc. (NOG) on Wednesday reported fourth-quarter net income of $71.7 million.
The Minnetonka, Minnesota-based company said it had profit of 71 cents per share. Earnings, adjusted for non-recurring costs, came to $1.11 per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The independent oil and gas company posted revenue of $515 million in the period. Its adjusted revenue was $545.5 million, also falling short of Street forecasts. Six analysts surveyed by Zacks expected $552.7 million.
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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 https://www.zacks.com/ap/NOG
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