Northern Oil & Gas Inc (NOG)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 922,969 | 773,237 | 6,361 | -906,041 | -76,318 |
| Total stockholders’ equity | US$ in thousands | 2,047,680 | 745,260 | 215,135 | -223,304 | 558,643 |
| ROE | 45.07% | 103.75% | 2.96% | — | -13.66% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $922,969K ÷ $2,047,680K
= 45.07%
Northern Oil and Gas Inc.'s return on equity (ROE) has fluctuated significantly over the past five years. In 2023, the ROE stood at 45.07%, showing a notable decrease from the exceptionally high ROE of 97.64% in 2022. The negative ROE of -3.90% in 2021 indicates a period of unprofitability or inefficiency in generating returns for shareholders. Notably, there is missing data for 2020, and the negative ROE of -13.66% in 2019 signifies a period of poor performance relative to shareholders' equity.
The ROE trend for Northern Oil and Gas Inc. suggests volatility and inconsistency in the company's ability to generate profits relative to shareholder equity over the years. The significant changes in ROE reflect various factors impacting the company's financial performance, such as profitability, leverage, efficiency, and overall management effectiveness. Further analysis and investigation into the company's financial health and operational strategies would be necessary to provide a more detailed understanding of the drivers behind these fluctuations in ROE.
Peer comparison
Dec 31, 2023