Northern Oil & Gas, Inc (NASDAQ:NOG) reported net income above Wall Street’s expectations for the third quarter. Net income for the oil and gas drilling and exploration company rose to $28.6 million (46 cents per share) vs. $987,226 (2 cents per share) in the same quarter a year earlier. This marks a substantial increase from the year earlier quarter. Revenue rose more than sixfold to $69.1 million from the year earlier quarter. NOG beat the mean analyst estimate of 22 cents per share. It beat the average revenue estimate of $46.1 million.
Competitors to Watch: Brigham Exploration Co. (NASDAQ:BEXP), Voyager Oil & Gas, Inc. (VOG), Oasis Petroleum Inc. (NYSE:OAS), Kodiak Oil & Gas Corp. (AMEX:KOG), GeoResources, Inc. (NASDAQ:GEOI), Encore Energy Partners LP (NYSE:ENP), Bill Barrett Corporation (NYSE:BBG), Gasco Energy, Inc. (AMEX:GSX), Delta Petroleum Corp. (NASDAQ:DPTR), and Earthstone Energy, Inc. (BSICD).
Capstone Turbine Corporation (NASDAQ:CPST) climbed to a profit in the second quarter and beat Wall Street’s expectations in the process. Reported a profit of $1.3 million (0 cents per diluted share) in the quarter. Capstone Turbine Corporation had a net loss of $1.9 million or a loss one cent per share in the year earlier quarter. Revenue rose 45.2% to $27.5 million from the year earlier quarter. CPST beat the mean analyst estimate of a loss of 2 cents per share. Analysts were expecting revenue of $27.1 million.