Northern Oil and Gas
NOG
#3229
Rank
$2.95 B
Marketcap
$34.62
Share price
3.90%
Change (1 day)
54.00%
Change (1 year)

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

P/E ratio as of January 2023 (TTM): 3.47

According to Northern Oil and Gas's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.47242. 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
2021-28.66866.37%
2020-0.4103-96.49%
2019-11.7-203.54%
201811.3-171.66%
2017-15.82652.45%
2016-0.5729138.67%
2015-0.2400
201317.7

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
10.5 202.26%๐Ÿ‡บ๐Ÿ‡ธ USA
6.79 95.52%๐Ÿ‡บ๐Ÿ‡ธ USA
7.46 114.96%๐Ÿ‡บ๐Ÿ‡ธ USA
3.52 1.32%๐Ÿ‡บ๐Ÿ‡ธ USA
N/A-100.00%๐Ÿ‡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.