Northern Oil and Gas
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Northern Oil and Gas whiffed on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue increased significantly, and GAAP loss per share stayed the same.
Gross margins shrank, operating margins grew, and net margins grew.
Northern Oil and Gas booked revenue of $27 million. The eight analysts polled by S&P Capital IQ looked for sales of $54.2 million on the same basis. GAAP reported sales were 79% higher than the prior-year quarter's $24 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.21. The 10 earnings estimates compiled by S&P Capital IQ forecast $0.24 per share on the same basis. GAAP EPS of -$0.03 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 80%, 530 basis points worse than the prior-year quarter. Operating margin was -0.3%, 1,200 basis points better than the prior-year quarter. Net margin was -3.2%, 410 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $61 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $306.7 million. The average EPS estimate is $1.36.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 596 members rating the stock outperform, and 65 members rating it underperform. Among 133 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 114 give Northern Oil and Gas a green thumbs-up, and 19 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 outperform, with an average price target of $30.50.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.