For the quarter ended December 2024, Northern Oil and Fuel (NOG) reported income of $545.47 million, up 0.4% over the identical interval final yr. EPS got here in at $1.11, in comparison with $1.61 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $552.72 million, representing a shock of -1.31%. The corporate delivered an EPS shock of -1.77%, with the consensus EPS estimate being $1.13.
Whereas buyers scrutinize income and earnings adjustments year-over-year and the way they examine with Wall Road expectations to find out their subsequent transfer, some key metrics at all times provide a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers venture a inventory’s value efficiency extra precisely.
Right here is how Northern Oil and Fuel carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Common Day by day Manufacturing – Oil: 79,000 BBL/D versus 77,538.63 BBL/D estimated by six analysts on common.
- Common Day by day Manufacturing – Pure Fuel and NGLs: 317,000 Mcf/D versus 306,563.9 Mcf/D estimated by six analysts on common.
- Web Manufacturing – Complete: 12,123 KBOE in comparison with the 11,884.49 KBOE common estimate primarily based on 5 analysts.
- Common Day by day Manufacturing – Complete: 132,000 BOE/D versus the five-analyst common estimate of 128,983.1 BOE/D.
- Web Manufacturing – Oil: 7,262 KBBL in comparison with the 7,111.86 KBBL common estimate primarily based on 5 analysts.
- Web Manufacturing – Pure Fuel and NGLs: 29,167 Mcf in comparison with the 28,636.18 Mcf common estimate primarily based on 5 analysts.
- Common Gross sales Costs – Oil: $65.40 versus the three-analyst common estimate of $66.80.
- Common Gross sales Costs – Oil Web of Settled Oil Derivatives: $67.57 in comparison with the $67.82 common estimate primarily based on three analysts.
- Web Gross sales- Oil Gross sales: $474.94 million versus $475.74 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a +0.6% change.
- Web Gross sales- Oil and Fuel Gross sales: $545.47 million versus the three-analyst common estimate of $531.41 million.
- Web Gross sales- Pure Fuel and NGL Gross sales: $70.53 million versus $55.69 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a -1.1% change.
- Web Gross sales- Different: $3.73 million versus $1.95 million estimated by two analysts on common.
View all Key Company Metrics for Northern Oil and Gas here>>>
Shares of Northern Oil and Fuel have returned -23.7% over the previous month versus the Zacks S&P 500 composite’s -3.5% change. The inventory presently has a Zacks Rank #3 (Maintain), indicating that it may carry out according to the broader market within the close to time period.
Solely $1 to See All Zacks’ Buys and Sells
We’re not kidding.
A number of years in the past, we shocked our members by providing them 30-day entry to all our picks for the full sum of solely $1. No obligation to spend one other cent.
1000’s have taken benefit of this chance. 1000’s didn’t – they thought there have to be a catch. Sure, we do have a cause. We wish you to get acquainted with our portfolio companies like Shock Dealer, Shares Beneath $10, Expertise Innovators,and extra, that closed 256 positions with double- and triple-digit positive factors in 2024 alone.
Northern Oil and Gas, Inc. (NOG) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
