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NOG Northern Oil & Gas PE ratio, current and historical analysis

The current P/E ratio for Northern Oil & Gas stock as of Jun 18, 2024 is 5.85. This is calculated based on the current EPS of $6.37 and the stock price of $37.26 per share. The PE ratio has increased by 35% from the past four quarters average of 4.3.

NOG PE ratio history

How has NOG's PE ratio performed in the past

The average historical PE ratio of Northern Oil & Gas for the last ten years is 7.85. The current price-to-earnings ratio of 5.85 is 25% less than the historical average. In the past ten years, NOG's PE ratio reached its highest point in the Jun 2014 quarter at 46.54, when the stock price was $162.9 and the EPS was $3.5. The lowest point was recorded in the Mar 2020 quarter, when it reached 0.68 with a price of $6.63 and an EPS of $9.78.

Average
7.85
Median
3.67
Minimum
0.68
Maximum
46.54

Northern Oil & Gas PE ratio by year

Maximum annual increase: 10.21% in 2023

Maximum annual decrease: -88.21% in 2014

Year PE ratio Change
2023 3.67 10.21%
2022 3.33 N/A
2021 N/A N/A
2020 N/A N/A
2019 N/A N/A
2018 3.72 N/A
2017 N/A N/A
2016 N/A N/A
2015 N/A N/A
2014 2.09 -88.21%

NOG average PE ratio chart

What is the average PE ratio of NOG for the past years

The current PE ratio of NOG is above the 3 and 5-year averages, but it is lower than the 10-year average.

3-year avg
4.16
5-year avg
3.45
10-year avg
7.85
15-year avg
34.58

NOG PE vs peers

What is NOG's PE ratio compared to its peers

When compared to its peer stocks EOG and RRC, NOG's PE ratio is lower.

Stock name PE ratio Market cap
NOG Northern Oil & Gas Inc 5.85 $3.77B
EOG Eog Resources Inc 9.39 $68.68B
RRC Range Resources Corp 17.03 $8.31B
PHX Phx Minerals Inc 28.64 $117.99M

Frequently asked questions

What is Northern Oil & Gas's PE ratio?

The price to earnings ratio for NOG stock as of Jun 18, 2024, stands at 5.85.

What is the 3-year average PE ratio for Northern Oil & Gas (NOG)?

The 3-year average PE ratio for NOG stock is 4.16.

What is the 5-year average PE ratio for Northern Oil & Gas (NOG)?

The 5-year average PE ratio for NOG stock is 3.45.

What is the highest PE ratio for NOG?

The highest quarterly PE ratio in the last ten years has been 46.54 and it was in the Jun 2014 quarter.

How does the current PE ratio for NOG compare to its historical average?

The current price to earnings ratio of NOG is 25% lower than the 10-year historical average.

Why is Northern Oil & Gas's PE ratio so low?

NOG's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.

How is NOG's PE ratio calculated (Northern Oil & Gas PE ratio formula)?

You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months earnings per share(EPS). As of today (Jun 18, 2024), Northern Oil & Gas's stock price is $37.26. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $6.37. Therefore, Northern Oil & Gas's price to earnings ratio for today is 5.85. PE RATIO(5.85) = STOCK PRICE($37.26) / TTM EPS($6.37)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.