Northern Oil and Gas
The 10-second takeaway
For the quarter ended March 31 (Q1), Northern Oil and Gas whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew.
Margins increased across the board.
Northern Oil and Gas notched revenue of $50.5 million. The five analysts polled by S&P Capital IQ wanted to see a top line of $60.5 million on the same basis. GAAP reported sales were 87% higher than the prior-year quarter's $27.1 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 $0.23. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.24 per share. GAAP EPS were $0.14 for Q1 compared to -$0.11 per share for 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 87.1%, 420 basis points better than the prior-year quarter. Operating margin was 29.3%, 7,490 basis points better than the prior-year quarter. Net margin was 17.4%, 4,350 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $69.8 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $302.0 million. The average EPS estimate is $1.26.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 595 members out of 658 rating the stock outperform, and 63 members rating it underperform. Among 112 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 93 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 $31.20.
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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.