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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 ROI from its fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

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

What is Northern Oil And Gas Inc's ROI in the fourth quarter of 2023?
Northern Oil And Gas Inc achieved a return on average invested assets (ROI) of 26.41 % in its fourth quarter of 2023, this is above NOG's average return on investment of -32.6%.
Northern Oil And Gas Inc s investments during the 12 months ending in the fourth quarter of 2023 are valued at $3 billion

ROI has improved compared to 21.46% in the third quarter of 2023, due to net income growth.

Within the Energy sector 10 other companies had a higher return on investment. While Return on investment, overall ranking has progressed in the Dec 31 2023 quarter, so far to 90, from total ROI ranking in the third quarter of 2023 at 296.

Definition and Formula of Return on Investment


Return On Investment (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 Investment Change 59.28 % 76.81 % 109.18 % 114.27 % -
Y / Y Net Income Change 187.47 % -95.52 % -33.21 % - -22.59 %
Investment (TTM) in Millions 4,030 3,695 3,255 2,998 2,530
Return On Investment (TTM) 26.41 % 21.46 % 45.13 % 57.13 % 40.31 %
NOG's Overall Ranking # 90 # 296 # 95 # 66 # 21
Seq. Investment Change 9.07 % 13.5 % 8.6 % 18.47 % 21.08 %
Seq. Net Income Change 1389.23 % -84.44 % -50.67 % 151.5 % -76.82 %
Net Income (TTM) in Millions 923 669 1,227 1,310 763




Return On Investment NOG's Ranking
Within: No.
Industry # 6
Sector # 11
Overall # 90

Return On Investment Statistics
High Average Low
57.13 %
-32.6 %
-664.66 %
(Mar 31 2023)   (June 30. 2016)







Financial Statements
Northern Oil And Gas Inc's IV. Quarter Investments $ 4,030 Millions NOG's Balance sheet
Northern Oil And Gas Inc's IV. Quarter Income $ 389 Millions Quarterly NOG's Income Statement
NOG's Income by Division See NOG's Income by Division


NOG Annual Return On Investment (Dec 31 2023)
2023
(Dec 31 2022)
2022
(Dec 31 2021)
2021
(Dec 31 2020)
2020
(Dec 31 2019)
2019
Total Investments in Millions 4,030 2,530 1,195 690 1,702
Y / Y Investment Growth 59.28 % 111.68 % 73.33 % -59.48 % 33.79 %
Net Income in Millions 923 763 6 -906 -76
Y / Y Net Income Growth 20.9 % 11901.79 % - - -
Annual Return On Investment 22.9 % 30.17 % 0.53 % -131.38 % -4.48 %


Annual Roi Comment
In the fiscal year 2023 ROI deteriorated to 22.9 %, despite net income growth.

Definition and Formula of Return on Investment

Other ROI Ratios
Oil And Gas Production Industry Roi Trends and Statistics
Energy Sector Return On Investment Statistics
Roi Trends for overall market
NOG's Roi Ratio versus Oil And Gas Production Industry, Energy Sector and total Market
Highest Ranking Return On Investment
Lowest Ranking Return On Investment
Return On Investment for NOG's Competitors
Roi for Northern Oil And Gas Inc's Suppliers
Return On Investment for NOG's Customers

Other Ratios
NOG's Roa NOG's Inventory Turnover Ratio NOG's Growth Rates NOG's Dividend Statistics
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 Investment at Dec 31 2023, within Energy Sector ROI
Dorchester Minerals L p   66.79 %
Amplify Energy Corp   60.70 %
Gulfport Energy Corp  50.76 %
Par Pacific Holdings Inc   43.19 %
Chord Energy Corporation  42.94 %
Texas Pacific Land Corporation  40.62 %
Alpha Metallurgical Resources Inc   34.54 %
Valaris Limited  31.02 %
Consol Energy Inc   29.06 %
Enerplus Corporation  28.68 %
Cvr Energy inc  28.29 %
Masco Corporation  26.76 %
Northern Oil And Gas Inc   26.21 %
Omega Flex Inc   25.90 %
Liberty Energy Inc   24.78 %
Eog Resources Inc   24.77 %
Alliance Resource Partners Lp  24.08 %
Warrior Met Coal Inc   22.72 %
Arch Resources inc   22.43 %
Cnx Resources Corporation  22.36 %
Pbf Energy Inc   21.39 %
Valero Energy Corp  20.12 %
Vital Energy inc   19.39 %
Chesapeake Energy Corporation  18.91 %
Matador Resources Company  18.81 %
California Resources Corp  18.15 %
Magnolia Oil and Gas Corp  17.65 %
Pioneer Natural Resources Co  17.65 %
Rpc inc   17.58 %
Mexco Energy Corporation  16.78 %


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



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