Northern Oil and Gas
NOG
#2818
Rank
$4.29 B
Marketcap
$42.50
Share price
1.07%
Change (1 day)
24.52%
Change (1 year)

P/E ratio for Northern Oil and Gas (NOG)

P/E ratio as of April 2024 (TTM): 5.38

According to Northern Oil and Gas's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.37724. 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
20223.35-111.73%
2021-28.66869.63%
2020-0.4101-96.46%
2019-11.6-202.51%
201811.3-171.66%
2017-15.82652.45%
2016-0.5729138.67%
2015-0.2400-111.51%
20142.08-88.24%
201317.722.78%
201214.4-60.26%
201136.3-81.31%
201019414.91%
2009169420.44%
200832.5-184.17%
2007-38.6

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
9.72 80.84%๐Ÿ‡บ๐Ÿ‡ธ USA
6.79 26.26%๐Ÿ‡บ๐Ÿ‡ธ USA
7.46 38.81%๐Ÿ‡บ๐Ÿ‡ธ USA
7.23 34.37%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ 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.