Northern Oil and Gas Inc. (NOG) Earnings Surprise by 9.10% in 6/29/2019: What Dose This Mean?

Northern Oil and Gas Inc. (NOG) is owned by a number of high-value investors. Its largest direct holder is Bahram Akradi Chairman of the Board with 17,199,200 shares. The second-largest direct holder is Michael L. Reger Chairman Emeritus, with 9,863,053 shares of the company’s stock. In third place with 804,950 shares of NOG is Nicholas O’grady Chief Financial Officer and President.

Now turning to institutional ownership of Northern Oil and Gas Inc. (NOG), Angelo, Gordon & Co. LP is the top holder with 31.8 million shares. The next largest fund holder of this company’s stock is Fidelity Management & Research Co. with 17.97 million shares. In the third-place spot with 17.08 million shares is BlackRock Fund Advisors.

This company’s stock price was $1.88 at the previous market close, with its latest volume reaching 5590183. Compare that to its average daily volume of 6.59M. Given the fact that this stock has 386.31M shares outstanding, its current market value is sitting at $726.26M. This publicly-traded stock’s 60-month Beta is 1.82. Its Price to Sales ratio is 1.00, its Price to Cash Flow ratio is 259.38, and its Price to Book ratio is 1.83.

NOG stock has achieved a 5-day range of $1.77 to $1.98, with a total performance of -3.59% during that period. Meanwhile, in the past month of trading, this stock has traded in the range of $1.77 to $2.18, generating a -14.16% change during the period. In the past three months, this stock’s price has changed by +6.21%, trading in the range of $1.40 to $2.32.

In the past 5 days, shares of NOG have made a new high 2 times. In the last month, it has made a new high 1 time, and in the past 3 months, it has made a new high 13 times.

Now let’s turn to this public company’s earnings. For the quarter ending 6/29/2019, the earnings per share (EPS) was reported at 0.12. This is a 0.01 difference compared to the consensus estimate of 0.11, amounting to an earnings surprise of 9.10%. In the previous quarter, which ended in 6/29/2019, the consensus estimate was 0.12, making for an earnings surprise of -41.70%. For the quarter ending 12/30/2018, EPS was reported at 0.25, generating a 78.60% earnings surprise.

The Net Income for the most recent full fiscal year, which ended in 12-2018, was $143.69 million. This is compared to the prior year, where Net Income was $-9.19 million. Meanwhile, this company’s Operating Cash Flow was $244.26 million for the year, compared to $72.97 million in 2017. Capital Expenditures for the year were reportedly -$474.59 million, compared to -$119.41 million, and Free Cash flow was $-230.32 million compared to the prior year’s $-46.44 million.

Northern Oil and Gas Inc. (NOG) stock currently has a Financial Strength score of 3/10. This is due to a combination of factors, including an Equity to Asset ratio of 0.26, a Debt to Equity ratio of 2.2 and a Debt to EBITDA of 2.03. The Interest Coverage of this stock is 4.96, its Piotroski F-Score is 7, its Altman Z-Score is 0.58 and its Beneish M-Score is 1.09.

This publicly-traded company’s Profitability and Growth score is 6/10, thanks to a combination of things: an Operating Margin of 53.8, a Net Margin of 24.07, a ROE of 87.63, and a ROC of 24.55.

Shifting focus now to Valuation and Return for NOG, this company’s Price to Tangible Book is 1.83, its Price to Median PS Value is 0.4. Price to Peter Lynch Fair Value for NOG is now 0.00, and this organization’s Price to Graham Number is 0.57. Meanwhile, Forward Rate of Return (Yactman) is -153.49.

Certain ratios provide helpful insights into how a stock is performing. The Quick Ratio for NOG is sitting at 0.57, while its Current Ratio is 0.57. This stock’s PB Ratio is 1.83, its PS Ratio is 0.98, its Forward PE Ratio is 3.02, and its PE Ratio without NRI is 4.01. Similarly, its Price to Owner Earnings is 6.41 and its Price to Operating Cash Flow is 1.79.