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Northern Oil And Gas Inc   (NOG)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy


Northern Oil And Gas Inc 's ROA from the fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Northern Oil And Gas Inc 's ROA in the fourth quarter of 2023?
Northern Oil And Gas Inc achieved a return on average assets (ROA) of 23.37 % in its fourth quarter of 2023, this is above NOG's average return on assets of -15.68%.
Northern Oil And Gas Inc s assets during the 12 months ending in the fourth quarter of 2023 are valued at $3 billion

ROA has improved compared to 18.87% in the third quarter of 2023, due to net income growth.

However, within the Energy sector 10 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 31 2023 quarter, so far to 73, from total ROA ranking in the third quarter of 2023 at 226.

What is ROA?


Return On Assets (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Total Assets Change 55.96 % 74.17 % 67.17 % 65.12 % 88.8 %
Y / Y Net Income Change 187.47 % -95.52 % -33.21 % - -22.59 %
Net Income (TTM) in million 923 669 1,227 1,310 763
Return On Assets (TTM) 23.37 % 18.87 % 39.72 % 48.16 % 31.93 %
NOG's Total Ranking # 73 # 226 # 76 # 67 # 123
Total Assets (TTM) in million 4,484 4,305 3,665 3,343 2,875
Seq. Total Assets Change 4.17 % 17.46 % 9.63 % 16.27 % 16.33 %
Seq. Net Income Change 1389.23 % -84.44 % -50.67 % 151.5 % -76.82 %



Return On Assets Company Ranking
Within: No.
Industry # 7
Sector # 11
Overall # 72

Return On Assets Statistics
High Average Low
48.16 %
-15.68 %
-135.31 %
(Mar 31 2023)   (Mar 31 2021)





Financial Statements
Northern Oil And Gas Inc 's Assets $ 4,484 million NOG's Balance sheet
Northern Oil And Gas Inc 's Income $ 389 million Quarterly NOG's Income Statement
NOG's Income by Division See NOG's Income by Division



Annual Return On Assets (Dec 31 2023)
FY 2023
(Dec 31 2022)
FY 2022
(Dec 31 2021)
FY 2021
(Dec 31 2020)
FY 2020
(Dec 31 2019)
FY 2019
Y / Y Total Assets Change 55.96 % 88.8 % 74.62 % -54.23 % 26.72 %
Total Assets in million 4,484 2,875 1,523 872 1,905
Y / Y Net Income Change 20.9 % 11901.79 % - - -
Net Income in million 923 763 6 -906 -76
Return On Assets 20.58 % 26.55 % 0.42 % -103.89 % -4.01 %




Comment on NOG's ROA in the fiscal year ending 2023
In the fiscal year 2023 ROA deteriorated to 20.58 %, despite annual net income growth of 20.9 % to $922.97 million, from $763.43 million a year ago, as NOG's assets increase to $4,484.26 million, by 20.9 %.


More Return On Assets Ratios
NOG's' Return on Assets at Yahoo Finance
Oil And Gas Production Industry Return On Assets Trends and Statistics
Energy Sector Roa Statistics
Roa Trends for overall market
NOG's Roa Ratio versus Oil And Gas Production Industry, Energy Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for NOG's Competitors
Roa for Northern Oil And Gas Inc 's Suppliers
Return On Assets for NOG's Customers

You may also want to know
NOG's Roi NOG's Inventory Turnover Ratio NOG's Growth Rates NOG's Dividend Comparisons
NOG's Profitability Ratios NOG's Asset Turnover Ratio NOG's Dividend Growth
NOG's Roe NOG's Valuation Ratios NOG's Financial Strength Ratios NOG's Dividend Payout Ratio



Companies with similar Return On Assets at Dec 31 2023, within Energy Sector ROA
Amplify Energy Corp   51.93 %
Gulfport Energy Corp  43.82 %
Texas Pacific Land Corporation  38.70 %
Chord Energy Corporation  34.99 %
Natural Resource Partners Lp  34.07 %
Alpha Metallurgical Resources Inc   30.51 %
Valaris Limited  25.04 %
Consol Energy Inc   24.50 %
Northern Oil And Gas Inc   23.37 %
Alliance Resource Partners Lp  22.76 %
Enerplus Corporation  22.05 %
Warrior Met Coal Inc   21.34 %
Omega Flex Inc   21.07 %
Cnx Resources Corporation  20.25 %
Cvr Energy inc  20.01 %
Par Pacific Holdings Inc   19.84 %
Arch Resources inc   19.20 %
Liberty Energy Inc   18.85 %
Masco Corporation  17.88 %
Eog Resources Inc   17.87 %
Vital Energy inc   17.02 %
Chesapeake Energy Corporation  16.79 %
Magnolia Oil and Gas Corp  16.78 %
Mexco Energy Corporation  16.54 %
Rpc inc   15.77 %
Pbf Energy Inc   15.37 %
Viper Energy Inc   15.30 %
Valero Energy Corp  14.81 %
California Resources Corp  14.23 %
Peabody Energy Corp  13.99 %


Date modified: 2024-02-24T16:13:50+00:00


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