P/E ratio for Northern Oil and Gas (NOG)
P/E ratio as of June 2023 (TTM): 1.86
According to Northern Oil and Gas's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1.85546. At the end of 2021 the company had a P/E ratio of -28.6.
P/E ratio history for Northern Oil and Gas from 2007 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -28.6 | 6866.37% |
| 2020 | -0.4103 | -96.49% |
| 2019 | -11.7 | -203.54% |
| 2018 | 11.3 | -171.66% |
| 2017 | -15.8 | 2652.45% |
| 2016 | -0.5729 | 138.67% |
| 2015 | -0.2400 | |
| 2013 | 17.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 EOG Resources EOG | 6.66 | 259.16% | 🇺🇸 USA |
 Whiting Petroleum WLL | 6.79 | 265.92% | 🇺🇸 USA |
 Continental Resources
CLR | 7.46 | 302.29% | 🇺🇸 USA |
 Earthstone Energy ESTE | 2.12 | 14.36% | 🇺🇸 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.