Northern Oil and Gas (AMEX: NOG) reported earnings on Aug. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Northern Oil and Gas crushed expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share expanded significantly.
Gross margins improved, operating margins shrank, and net margins dropped.
Northern Oil and Gas recorded revenue of $119.2 million. The six analysts polled by S&P Capital IQ hoped for a top line of $68.7 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $35.6 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 $0.22. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.23 per share. GAAP EPS of $0.69 for Q2 were 109% higher than the prior-year quarter's $0.33 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 88.3%, 500 basis points better than the prior-year quarter. Operating margin was 63.1%, 3,170 basis points worse than the prior-year quarter. Net margin was 36.6%, 2,080 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $79.6 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $296.8 million. The average EPS estimate is $1.06.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 582 members out of 645 rating the stock outperform, and 63 members rating it underperform. Among 105 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 86 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 $27.73.
Is Northern Oil and Gas the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
Add Northern Oil and Gas to My Watchlist.
The article Northern Oil and Gas Increases Sales but Misses Estimates on Earnings originally appeared on Fool.com.
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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.