Northern Oil And Gas (NOG) Reports In-Line Q4 EPS

Northern Oil And Gas (NYSE: NOG) reported Q4 EPS of $0.04, in-line with the analyst estimate of $0.04.

HIGHLIGHTS

• Average 90-day initial production rate on Northern\'s wells using enhanced completions increased 47% in 2016 as compared to 2015
• Completed $8.9 million property acquisition in the fourth quarter that added 375 barrels of oil per day since the date of acquisition
• Full year 2016 capital expenditures, excluding the fourth quarter property acquisition, totaled $75.6 million or a 41.3% decrease as compared to 2015
• Production totaled 1,259,274 barrels of oil equivalent (\"Boe\") for the fourth quarter, averaging 13,688 Boe per day or 2% higher than last quarter, despite down-time due to weather during December
• Ended the year with $212.5 million of liquidity, composed of $6.5 million in cash and $206.0 million of revolving credit facility availability

For earnings history and earnings-related data on Northern Oil And Gas (NOG) click here.

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