Northern Oil and Gas (NOG) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

For the quarter ended December 2024, Northern Oil and Gas (NOG) reported revenue of $545.47 million, up 0.4% over the same period last year. EPS came in at $1.11, compared to $1.61 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $552.72 million, representing a surprise of -1.31%. The company delivered an EPS surprise of -1.77%, with the consensus EPS estimate being $1.13.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Northern Oil and Gas performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average Daily Production - Oil: 79,000 BBL/D versus 77,538.63 BBL/D estimated by six analysts on average. Average Daily Production - Natural Gas and NGLs: 317,000 Mcf/D versus 306,563.9 Mcf/D estimated by six analysts on average. Net Production - Total: 12,123 KBOE compared to the 11,884.49 KBOE average estimate based on five analysts. Average Daily Production - Total: 132,000 BOE/D versus the five-analyst average estimate of 128,983.1 BOE/D. Net Production - Oil: 7,262 KBBL compared to the 7,111.86 KBBL average estimate based on five analysts. Net Production - Natural Gas and NGLs: 29,167 Mcf compared to the 28,636.18 Mcf average estimate based on five analysts. Average Sales Prices - Oil: $65.40 versus the three-analyst average estimate of $66.80. Average Sales Prices - Oil Net of Settled Oil Derivatives: $67.57 compared to the $67.82 average estimate based on three analysts. Net Sales- Oil Sales: $474.94 million versus $475.74 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +0.6% change. Net Sales- Oil and Gas Sales: $545.47 million versus the three-analyst average estimate of $531.41 million. Net Sales- Natural Gas and NGL Sales: $70.53 million versus $55.69 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.1% change. Net Sales- Other: $3.73 million versus $1.95 million estimated by two analysts on average. View all Key Company Metrics for Northern Oil and Gas here>>>Shares of Northern Oil and Gas have returned -23.7% over the past month versus the Zacks S&P 500 composite's -3.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Northern Oil and Gas, Inc. (NOG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks