NOG Northern Oil & Gas PE ratio, current and historical analysis
The current P/E ratio for Northern Oil & Gas stock as of Feb 21, 2025 is 6.33. This is calculated based on the current EPS of $5.21 and the stock price of $33 per share. The PE ratio has increased by 6% from the past four quarters average of 6.0.
NOG PE ratio history
The average historical PE ratio of Northern Oil & Gas for the last eight years is 5.37. The current price-to-earnings ratio of 6.33 is 18% more than the historical average. In the past eight 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: 94.28% in 2024
Maximum annual decrease: -88.21% in 2014
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 7.13 | 94.28% | $37.16 | $5.21 |
| 2023 | 3.67 | 10.21% | $37.07 | $10.09 |
| 2022 | 3.33 | N/A | $30.82 | $9.26 |
| 2021 | N/A | N/A | $20.58 | -$0.13 |
| 2020 | N/A | N/A | $8.76 | -$21.55 |
| 2019 | N/A | N/A | $23.4 | -$2 |
| 2018 | 3.72 | N/A | $22.6 | $6.08 |
| 2017 | N/A | N/A | $20.5 | -$1.5 |
| 2016 | N/A | N/A | $27.5 | -$48 |
| 2015 | N/A | N/A | $38.6 | -$160.8 |
| 2014 | 2.09 | -88.21% | $56.5 | $27 |
| 2013 | 17.73 | 22.28% | $150.7 | $8.5 |
| 2012 | 14.5 | -60.09% | $168.2 | $11.6 |
| 2011 | 36.33 | -81.31% | $239.8 | $6.6 |
| 2010 | 194.36 | 31.32% | $272.1 | $1.4 |
Northern Oil & Gas PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Dec 2024 | 7.13 | 72.64% | $37.16 | $5.21 |
| Sep 2024 | 4.13 | -34.86% | $35.41 | $8.58 |
| Jun 2024 | 6.34 | 1.77% | $37.17 | $5.86 |
| Mar 2024 | 6.23 | 69.75% | $39.68 | $6.37 |
| Dec 2023 | 3.67 | -29.01% | $37.07 | $10.09 |
| Sep 2023 | 5.17 | 124.78% | $40.23 | $7.78 |
| Jun 2023 | 2.3 | 21.69% | $34.32 | $14.89 |
| Mar 2023 | 1.89 | -43.24% | $30.35 | $16.08 |
| Dec 2022 | 3.33 | 26.14% | $30.82 | $9.26 |
| Sep 2022 | 2.64 | -67.16% | $27.41 | $10.39 |
| Jun 2022 | 8.04 | N/A | $25.26 | $3.14 |
| Mar 2022 | N/A | N/A | $28.19 | -$1.49 |
| Dec 2021 | N/A | N/A | $20.58 | -$0.13 |
| Sep 2021 | N/A | N/A | $21.4 | -$6.16 |
| Jun 2021 | N/A | N/A | $20.77 | -$11.74 |
NOG average PE ratio chart
The current PE ratio of NOG is above the 3, 5 and 10-year averages.
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 | 6.33 | $3.27B |
| EOG Eog Resources Inc | 10.67 | $74.85B |
| RRC Range Resources Corp | 19.05 | $9.29B |
| PHX Phx Minerals Inc | 31.85 | $155.17M |
Frequently asked questions
What is Northern Oil & Gas's PE ratio?
The price to earnings ratio for NOG stock as of Feb 21, 2025, stands at 6.33.
What is the 3-year average PE ratio for Northern Oil & Gas (NOG)?
The 3-year average PE ratio for NOG stock is 4.62.
What is the 5-year average PE ratio for Northern Oil & Gas (NOG)?
The 5-year average PE ratio for NOG stock is 4.3.
What is the highest PE ratio for NOG?
The highest quarterly PE ratio in the last eight 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 18% higher than the 8-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 (Feb 21, 2025), Northern Oil & Gas's stock price is $33. The earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $5.21. Therefore, Northern Oil & Gas's price to earnings ratio for today is 6.33. PE RATIO(6.33) = STOCK PRICE($33) / TTM EPS($5.21)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.