Northern Oil & Gas, Inc. (NOG) | 4Q12 Operations Update | Finjitsu Research
February 18, 2013 - London
Finjitsu Research - Associated Analysts
Chicago, Illinois - February 12, 2013 -
Previous Perspective on Northern Oil & Gas, Inc. (NOG)
NOG reported 2Q12 EPS of $0.25, after adjusting for $49.8MM in unrealized derivative gains and $2.1MM in stock based compensation, which we treat as special items. This was essentially in-line with our estimate as higher DD&A expense was mostly offset by higher than expected production. DD&A expense of $26.93/BOE was above our estimate of $23.00/BOE due to an increase in well costs and operating costs. Realized prices of $73.19/BOE were in-line with our estimate of $73.54/BOE and production of 10,412 BOEPD (93% oil/7% NG) was slightly higher than our estimate.
For more information on this brief please visit: Northern Oil & Gas, Inc. (NOG) | 4Q12 Operations Update | Finjitsu Research.
For more general financial information about Northern Oil & Gas, Inc. (NOG) and other companies, please visit the Finjitsu Research Portal.
About Finjitsu Research
Finjitsu Research makes it easy for self-directed investors to acces hard-to-find Wall St. equity research.
Finjitsu is an exclusive curator of stock research--with many publishers, in one place, all having a small and mid-cap focus. In aggregating the reports of many high quality, niche research firms, Finjitsu is the only platform that makes it easy for individual investors to access hard-to-find investment research. For investors who prefer a more personal interaction, Finjitsu Research can also provide a direct connection to Wall St. Analysts in a phone or online-chat format.
For press inquiries, please contact questions_at_finjitsu.com
Important Disclaimers
This abstract was prepared by Finjitsu Research for convenience only and does not claim to be a complete description of the information contained in the report. This abstract is intended to be a general sample of the contents of the report. This abstract is qualified in its entirety by the full report, which is not avaiable on this website. This report contains opinions that are inherently biased. In addition, this report was prepared for general circulation and does not provide investment recommendations specific to individual investors. As such, the financial instruments discussed in this report may not be suitable for all investors and investors must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. To review additional important disclosures related to this report, please go to https://www.finjitsu.com/legal
For press inquiries, please contact questions@finjitsu.com
Please visit Finjitsu Research to learn more, or visit the Research Portal to browse our offering.
Equity Research Portal, New Reports
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Finjitsu Research via Thomson Reuters ONE
Thomson Reuters
