Northern Oil and Gas (NOG) Q4 Earnings and Revenues Miss Estimates

Core Viewpoint - Northern Oil and Gas (NOG) reported quarterly earnings of $1.11 per share, missing the Zacks Consensus Estimate of $1.13 per share, and down from $1.61 per share a year ago, indicating a -1.77% earnings surprise [1] Group 1: Earnings Performance - The company posted revenues of $545.47 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 1.31%, but slightly up from $543.4 million year-over-year [2] - Over the last four quarters, Northern Oil and Gas has surpassed consensus EPS estimates three times [2] - The current consensus EPS estimate for the upcoming quarter is $1.30, with expected revenues of $583.43 million, and for the current fiscal year, the EPS estimate is $5.39 on revenues of $2.38 billion [7] Group 2: Stock Performance and Outlook - Northern Oil and Gas shares have declined approximately 5.3% since the beginning of the year, contrasting with the S&P 500's gain of 4.2% [3] - The company's earnings outlook and management commentary will be crucial for future stock performance [4] - The estimate revisions trend for Northern Oil and Gas is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Group 3: Industry Context - The Oil and Gas - Exploration and Production - United States industry is currently in the top 24% of Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]