NOG Northern Oil & Gas PE ratio, current and historical analysis
The current P/E ratio for Northern Oil & Gas stock as of Nov 21, 2024 is 4.93. This is calculated based on the current EPS of $8.58 and the stock price of $42.34 per share. The PE ratio has decreased by 3.2% from the past four quarters average of 5.1.
NOG PE ratio history
The average historical PE ratio of Northern Oil & Gas for the last ten years is 5.07. The current price-to-earnings ratio of 4.93 is 2.8% less than the historical average. In the past ten years, NOG's PE ratio reached its highest point in the Sep 2017 quarter at 22.5, when the stock price was $9 and the EPS was $0.4. 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.
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
The current PE ratio of NOG is above the 3 and 5-year averages, but it is lower than the 10-year average.
NOG PE vs 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 | 4.93 | $4.23B |
| EOG Eog Resources Inc | 10.87 | $76.21B |
| RRC Range Resources Corp | 17.61 | $8.58B |
| PHX Phx Minerals Inc | 28.77 | $140.18M |
Frequently asked questions
What is Northern Oil & Gas's PE ratio?
The price to earnings ratio for NOG stock as of Nov 21, 2024, stands at 4.93.
What is the 3-year average PE ratio for Northern Oil & Gas (NOG)?
The 3-year average PE ratio for NOG stock is 4.37.
What is the 5-year average PE ratio for Northern Oil & Gas (NOG)?
The 5-year average PE ratio for NOG stock is 4.04.
What is the highest PE ratio for NOG?
The highest quarterly PE ratio in the last ten years has been 22.5 and it was in the Sep 2017 quarter.
How does the current PE ratio for NOG compare to its historical average?
The current price to earnings ratio of NOG is 2.8% 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 (Nov 21, 2024), Northern Oil & Gas's stock price is $42.34. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $8.58. Therefore, Northern Oil & Gas's price to earnings ratio for today is 4.93. PE RATIO(4.93) = STOCK PRICE($42.34) / TTM EPS($8.58)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.