Northern Oil and Gas (AMEX: NOG) reported earnings on Nov. 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Northern Oil and Gas whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share contracted to zero.
Margins shrank across the board.
Northern Oil and Gas booked revenue of $60.1 million. The seven analysts polled by S&P Capital IQ predicted sales of $81.4 million on the same basis. GAAP reported sales were 37% higher than the prior-year quarter's $43.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.27. The 12 earnings estimates compiled by S&P Capital IQ anticipated $0.26 per share. GAAP EPS shrank to zero from the prior-year quarter's $0.46.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 72.0%, 930 basis points worse than the prior-year quarter. Operating margin was 9.5%, 9,550 basis points worse than the prior-year quarter. Net margin was 0.5%, 6,490 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $92.5 million. On the bottom line, the average EPS estimate is $0.30.
Next year's average estimate for revenue is $313.7 million. The average EPS estimate is $1.02.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 589 members out of 648 rating the stock outperform, and 59 members rating it underperform. Among 108 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 94 give Northern Oil and Gas a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Northern Oil and Gas is buy, with an average price target of $26.40.
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