Northern Oil and Gas(US:NOG) ZACKSยท2025-03-07 02:00Core Insights - Northern Oil and Gas (NOG) reported revenue of $545.47 million for the quarter ended December 2024, reflecting a 0.4% increase year-over-year, but fell short of the Zacks Consensus Estimate of $552.72 million, resulting in a surprise of -1.31% [1] - The company's EPS was $1.11, down from $1.61 in the same quarter last year, with an EPS surprise of -1.77% against a consensus estimate of $1.13 [1] Financial Performance Metrics - Average Daily Production of Oil was 79,000 BBL/D, exceeding the analyst estimate of 77,538.63 BBL/D [4] - Average Daily Production of Natural Gas and NGLs was 317,000 Mcf/D, also surpassing the estimate of 306,563.9 Mcf/D [4] - Total Net Production reached 12,123 KBOE, compared to the average estimate of 11,884.49 KBOE [4] - Average Sales Price for Oil was $65.40, slightly below the estimate of $66.80 [4] - Net Sales from Oil Sales were $474.94 million, marginally lower than the estimated $475.74 million, but represented a 0.6% increase year-over-year [4] - Net Sales from Natural Gas and NGL Sales were $70.53 million, which is a -1.1% change compared to the year-ago quarter, and above the estimate of $55.69 million [4] Stock Performance - Shares of Northern Oil and Gas have declined by 23.7% over the past month, contrasting with the Zacks S&P 500 composite's decline of 3.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]