MINNETONKA, Minn. (AP) _ Northern Oil and Gas Inc. (NOG) on Thursday reported a first-quarter loss of $107.2 million, after reporting a profit in the same period a year earlier.
The Minnetonka, Minnesota-based company said it had a loss of 29 cents per share. Earnings, adjusted for non-recurring costs, were 7 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The independent oil and gas company posted revenue of $132.7 million in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $142.9 million.
In the final minutes of trading on Thursday, the company's shares hit $2.30. A year ago, they were trading at $2.19.
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