Northern Oil & Gas Inc Fourth Quarter Earnings Sneak Peek

Northern Oil & Gas, Inc (NASDAQ:NOG) will unveil its latest earnings on Wednesday, February 29, 2012. Northern Oil & Gas is an independent energy company engaged in the acquisition, exploration, exploitation, and development of oil and natural gas properties.

Northern Oil & Gas, Inc Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 25 cents per share, a rise of 92.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 24 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 25 cents during the last month. Analysts are projecting profit to rise by 112.9% compared to last year’s 66 cents.

Past Earnings Performance: The company enters this earnings report having missed estimates the last four quarters. Last quarter, the company fell short of expectations by 3 cents, reporting net income of of 19 cents per share against a mean estimate of profit of 22 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $55.1 million in revenue this quarter, a rise of more than fourfold from the year-ago quarter. Analysts are forecasting total revenue of $149.6 million for the year, a rise of more than threefold from last year’s revenue of $44.6 million.

Analyst Ratings: Analysts are high on the stock, with eight analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the third quarter, profit rose 2798.8% to $28.6 million (46 cents a share) from $987,226 (2 cents a share) the year earlier, but fell short analyst expectations. Revenue rose more than fourfold to $43.8 million from $9.9 million.

Key Stats:

The company has seen increasing revenue for two quarters in a row. In the second quarter, the figure rose more than twofold.

The company raised its gross margin by 8.5 percentage points in the in the third quarter. Revenue rose 342.8% while cost of sales rose 203.9% to $8.2 million from a year earlier.

Stock Price Performance: Between November 25, 2011 and February 23, 2012, the stock price rose $4.27 (20.8%), from $20.54 to $24.81. It saw one of its worst periods between July 20, 2011 and July 28, 2011 when shares fell for seven straight days, dropping 10.2% (-$2.49) over that span. The stock price saw one of its best stretches over the last year between June 20, 2011 and June 29, 2011, when shares rose for eight straight days, increasing 26.6% (+$4.68) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com