The current P/E ratio for Northern Oil & Gas stock as of May 2, 2024 is 6.27. This is calculated based on the current EPS of $6.37 and the stock price of $39.97 per share. The PE ratio has increased by 44% from the past four quarters average of 4.3.
The average historical PE ratio of Northern Oil & Gas for the last ten years is 7.85. The current price-to-earnings ratio of 6.27 is 20% 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.
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% |
The current PE ratio of NOG is above the 3 and 5-year averages, but it is lower than the 10-year average.
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 | 6.27 | $4.04B |
| PHX Phx Minerals Inc | 8.49 | $123.92M |
| EOG Eog Resources Inc | 10.08 | $76.44B |
| RRC Range Resources Corp | 17.41 | $8.49B |
The price to earnings ratio for NOG stock as of May 2, 2024, stands at 6.27.
The 3-year average PE ratio for NOG stock is 4.16.
The 5-year average PE ratio for NOG stock is 3.45.
The highest quarterly PE ratio in the last ten years has been 46.54 and it was in the Jun 2014 quarter.
The current price to earnings ratio of NOG is 20% lower than the 10-year historical average.
NOG's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
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 (May 2, 2024), Northern Oil & Gas's stock price is $39.97. 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 6.27. PE RATIO(6.27) = STOCK PRICE($39.97) / TTM EPS($6.37)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.