27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
On Friday, August 07, Northern Oil & Gas (AMEX:NOG) will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
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Northern Oil & Gas EPS is expected to be around $0.04, according to sell-side analysts. Sales will likely be near $103.89 million. Northern Oil & Gas EPS in the same period a year ago totaled $0.12. Sales were $149.85 million. If the company were to match the consensus estimate when it reports Friday, EPS would have fallen 66.67%. Here's how the Northern Oil & Gas's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2020 | Q4 2020 | Q3 2019 | Q2 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.03 | 0.07 | 0.11 | 0.11 |
| EPS Actual | 0.04 | 0.05 | 0.09 | 0.12 |
| Revenue Estimate | 152.41 M | 173.40 M | 168.77 M | 155.92 M |
| Revenue Actual | 130.20 M | 160.70 M | 157.99 M | 149.85 M |
Stock Performance
Over the last 52-week period, shares are down 51.09%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Northern Oil & Gas is scheduled to hold the call at 11:00:00 ET and can be accessed here: https://www.northernoil.com/investors/news-events/ir-calendar/detail/6241/second-quarter-2020-conference-call
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.