Northern Oil and Gas Inc reports results for the quarter ended December 31 - Earnings Summary

Northern Oil and Gas

19/02/2025 22:42

* Northern Oil and Gas Inc  NOG.N  reported quarterly
adjusted
earnings of $1.11​​ per share for the quarter ended December 31,
lower than the same quarter last year, when the company reported
EPS of $1.61.  The mean expectation of twelve analysts for the
quarter was for earnings of $1.11 per share. Wall Street
expected results to range from 71 cents to $1.22 per share.
    * Revenue fell 35.1% to $514.98 million from a year ago;
analysts
expected $558.45 million. 
    * Northern Oil and Gas Inc's reported EPS for the quarter
was 71
cents​.
    * The company reported quarterly net income of $71.7
million.
    * Northern Oil and Gas Inc shares had fallen by 5.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.1%
in the last three months.​ 
    * In the last 30 days, nine analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Northern Oil and
Gas Inc is $47.75 
This summary was machine generated from LSEG data February 19 at
10:41 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.11           1.11           Met
 Sep. 30 2024      1.20           1.40           Beat
 Jun. 30 2024      1.22           1.46           Beat
 Mar. 31 2024      1.18           1.28           Beat