P/E ratio for Northern Oil and Gas (NOG)
P/E ratio as of May 2024 (TTM): 5.06
According to Northern Oil and Gas's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.05754. At the end of 2022 the company had a P/E ratio of 3.35.
P/E ratio history for Northern Oil and Gas from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.35 | -111.73% |
| 2021 | -28.6 | 6869.63% |
| 2020 | -0.4101 | -96.46% |
| 2019 | -11.6 | -202.51% |
| 2018 | 11.3 | -171.66% |
| 2017 | -15.8 | 2652.45% |
| 2016 | -0.5729 | 138.67% |
| 2015 | -0.2400 | -111.51% |
| 2014 | 2.08 | -88.24% |
| 2013 | 17.7 | 22.78% |
| 2012 | 14.4 | -60.26% |
| 2011 | 36.3 | -81.31% |
| 2010 | 194 | 14.91% |
| 2009 | 169 | 420.44% |
| 2008 | 32.5 | -184.17% |
| 2007 | -38.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 EOG Resources EOG | 9.10 | 79.88% | 🇺🇸 USA |
 Whiting Petroleum WLL | 6.79 | 34.24% | 🇺🇸 USA |
 Continental Resources
CLR | 7.46 | 47.59% | 🇺🇸 USA |
 Earthstone Energy ESTE | 7.23 | 42.86% | 🇺🇸 USA |
 Bonanza Creek Energy
BCEI | N/A | N/A | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.