Northern Oil and Gas, Inc. Financial Ratios — NOG Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	144.38	85.47	36.04	64.05	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	8.38
Return on Assets (%)	6.58	7.54	3.92	9.23	-70.98	-50.91	-1.73	13.45	-4.48	-65.24	0.53	35.16	25.08	10.32	0.7
Return on Capital (%)	64.94	24.43	11.29	19.97	- -	- -	- -	- -	- -	- -	-7.01	-383.54	91.8	28.04	5.11
Return on Invested Capital (%)	9.33	9.1	8.56	6.25	- -	- -	- -	- -	- -	- -	61.94	77.03	25.89	13.85	8.07
Gross Margin (%)	57.1	46.17	45.51	36.92	-4.33	23.34	42.03	53.08	35.65	4.88	60.15	66.25	47.92	38.64	32.23
EBITDA Margin (%)	74.35	71.86	74.71	72.9	54.25	52.45	60.12	74.39	66.69	49.19	71.48	76.53	70.72	70.1	67.58
Operating Margin (%)	48.57	38.54	41.02	32.84	-13.72	14.1	33.56	50.13	31.73	-0.84	57.04	63.88	45.23	35.86	28.69
Incremental Operating Margin (%)	50.99	26.84	51.2	-15.54	- -	-117.2	81.9	63.89	-53	- -	85.84	70.48	515.1	-33.79	254.5
Pretax Margin (%)	42.23	38.84	22.98	60.96	-581.12	-184.63	-4.81	29.08	-12.69	-279.63	0.68	39.09	52.48	31.46	2.99
Profit Margin (%)	25.43	24.35	14.37	37.94	-481.24	-183.75	-4.1	29.09	-12.69	-279.58	0.65	38.94	48.4	24.05	1.85
Net Income to Common Margin (%)	25.43	24.35	14.37	37.94	-481.24	-183.75	-4.1	29.09	-12.86	-284.29	-0.86	38.44	48.4	24.05	1.85
Effective Tax Rate (%)	39.79	37.3	37.45	37.77	- -	- -	- -	- -	- -	- -	3.53	0.4	7.77	23.58	38.19
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	1.33	1.66	-230.82	8.31	13.43	31.13	447.37
Sustainable Growth Rate (%)	144.38	85.47	36.04	64.05	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-29.12

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	70	424	585	806	835	833	979	830	1,118	945	803	1,525	1,836	2,369	2,395
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	65	- -	- -	- -	- -	- -
LT Debt	70	424	585	806	835	833	979	830	1,118	880	803	1,525	1,836	2,369	2,395
Total Debt/EBITDA	0.59	1.99	2.12	2.56	7.6	9.94	7.27	2.26	2.79	5.93	1.15	1	1.36	1.56	1.69
Net Debt/EBITDA	0.54	1.93	2.1	2.53	7.57	9.86	6.51	2.25	2.75	5.92	1.14	1	1.35	1.56	1.68
Total Debt/EBIT	0.9	3.71	3.86	5.69	-30.03	36.96	13.03	3.35	5.86	-347.88	1.44	1.2	2.13	3.05	3.99
Net Debt/EBIT	0.82	3.59	3.82	5.62	-29.91	36.67	11.67	3.34	5.78	-347.35	1.43	1.2	2.12	3.04	3.96
EBITDA to Interest Expense	202.66	15.37	8.43	7.47	1.88	1.3	1.92	4.23	4.97	2.72	11.81	18.92	9.94	9.62	8.21
EBITDA-CapEx/Interest Expense	201.89	15.35	8.42	7.47	1.88	0.99	1.71	1.26	2.11	-2.13	1.75	1.99	-3.79	-1	0.95
EBIT to Interest Expense	132.4	8.24	4.63	3.37	-0.48	0.35	1.07	2.85	2.36	-0.05	9.42	15.79	6.36	4.92	3.49
Interest Expense	1	14	33	42	58	64	70	87	81	59	59	80	136	158	172
Common Equity/Total Assets	6.68	10.14	11.44	16.65	-88.41	-215.82	-148.75	-52.97	-45.8	-204.1	-116.46	-34.79	-1.72	7.91	8.91
Long-Term Debt/Equity (%)	14.08	72.33	94.31	104.57	- -	- -	- -	193.13	200.16	- -	373.46	204.68	89.64	102.11	112.65
Long-Term Debt/Capital (%)	59.07	77.84	77.08	70.48	423	-843.66	2,522.91	2,463.73	455.71	-105.36	-82.82	290.48	104.4	84.25	83.26
Long-Term Debt/Total Assets (%)	9.63	35.6	38.47	39.77	115.78	192.95	154.89	55.21	58.68	100.89	52.76	53.05	40.93	42.28	44.28
Total Debt/Equity (%)	14.08	72.33	94.31	104.57	-422.71	-170.82	-199.52	193.13	200.16	-423.12	373.46	204.68	89.64	102.11	112.65
Total Debt/Capital (%)	59.07	77.84	77.08	70.48	423	-843.66	2,522.91	2,463.73	455.71	-113.15	-82.82	290.48	104.4	84.25	83.26
Total Debt/Total Assets (%)	9.63	35.6	38.47	39.77	115.78	192.95	154.89	55.21	58.68	108.34	52.76	53.05	40.93	42.28	44.28
Net Debt to Equity	12.81	70.05	93.39	103.35	-421	-169.49	-178.7	192.58	197.28	-422.48	369.03	204.34	89.24	101.72	111.98
Net Debt/Capital (%)	56.78	77.28	76.91	70.24	428.64	-785.47	-1,384.25	2,641.58	480.64	-112.78	-81.05	291.4	104.42	84.2	83.17
EBITDA	119	213	276	315	110	84	135	367	401	159	697	1,520	1,349	1,517	1,416
EBITDA-CapEx	118	213	275	314	110	64	120	110	171	-125	103	160	-514	-158	163
Operating Income (Loss)	78	114	151	142	-28	23	75	248	191	-3	556	1,268	863	776	601

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.05	0.13	0.03	0.03	0.04	0.08	0.83	0.01	0.08	0.01	0.03	0.01	0.02	0.02	0.03
Current Ratio	0.67	0.94	0.54	0.79	1.56	0.61	1.24	0.99	0.65	0.69	0.66	0.93	1.32	0.92	1.09
Quick Ratio	0.48	0.83	0.48	0.33	0.7	0.56	1.21	0.43	0.61	0.4	0.62	0.79	0.99	0.8	0.71
CFO/Avg Current Liab	0.95	1.8	1.51	1.14	1.36	1.31	0.73	1.38	1.56	1.72	1.55	2.76	3.24	3.03	2.78
Common Equity/Total Assets	6.68	10.14	11.44	16.65	-88.41	-215.82	-148.75	-52.97	-45.8	-204.1	-116.46	-34.79	-1.72	7.91	8.91
Long-Term Debt/Equity (%)	14.08	72.33	94.31	104.57	- -	- -	- -	193.13	200.16	- -	373.46	204.68	89.64	102.11	112.65
Long-Term Debt/Capital (%)	59.07	77.84	77.08	70.48	423	-843.66	2,522.91	2,463.73	455.71	-105.36	-82.82	290.48	104.4	84.25	83.26
Long-Term Debt/Total Assets (%)	9.63	35.6	38.47	39.77	115.78	192.95	154.89	55.21	58.68	100.89	52.76	53.05	40.93	42.28	44.28
Total Debt/Equity (%)	14.08	72.33	94.31	104.57	-422.71	-170.82	-199.52	193.13	200.16	-423.12	373.46	204.68	89.64	102.11	112.65
Total Debt/Capital (%)	59.07	77.84	77.08	70.48	423	-843.66	2,522.91	2,463.73	455.71	-113.15	-82.82	290.48	104.4	84.25	83.26
Total Debt/Total Assets (%)	9.63	35.6	38.47	39.77	115.78	192.95	154.89	55.21	58.68	108.34	52.76	53.05	40.93	42.28	44.28
CFO/Total Liabilities	37.18	32.83	24.76	21.84	26.88	11.09	6.5	22.75	25.23	30.28	30.32	43.59	48.56	42.9	45.85
CFO/CapEx	188.88	774.15	572.22	1,622.8	2,721.91	5.04	5.06	0.95	1.47	1.17	0.67	0.68	0.64	0.84	1.2
Altman's Z-Score	4.48	1.74	1.29	0.81	-0.86	-2.45	-1.21	0.43	0.36	-2.37	0.72	2.33	1.9	1.62	1.27

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	4.35	4.88	4.7	5	2.95	3.66	5.42	6.9	5.88	3.62	7.37	8.54	5.94	5.69	5.67
Days Sales Outstanding	83.93	74.79	77.62	73.04	123.7	99.73	67.38	52.91	62.11	100.97	49.52	42.72	61.43	64.12	64.43
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	0.86	1.55	1.52	1.36	1.42	2.02	1.74	3.13	6.22	5.86	7.67	6.91	6.18	6.71	6.74
Accounts Payable Turnover Days	422.55	235.22	240.15	268.46	256.24	181.05	209.86	116.69	58.69	62.28	47.56	52.84	59.03	54.37	54.18
Cash Conversion Cycle	-338.62	-160.43	-162.53	-195.42	-132.54	-81.32	-142.48	-63.78	3.42	38.68	1.96	-10.12	2.39	9.75	10.25
Inventory to Cash Days	83.93	74.79	77.62	73.04	123.7	99.73	67.38	52.91	62.11	100.97	49.52	42.72	61.43	64.12	64.43
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	1,482	1,051	940	343	234	168	128	534	906	374	1,296	2,421	3,391	3,711	2,098
- Cash & Cash Equivalents	6	13	6	9	3	6	102	2	16	1	10	3	8	9	14
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	70	424	585	806	835	833	979	830	1,118	945	803	1,525	1,836	2,369	2,395
Enterprise Value	1,545	1,462	1,519	1,140	1,066	994	1,005	1,362	2,008	1,318	2,090	3,944	5,219	6,071	4,479
Total Capital	118	545	758	1,144	197	-99	39	34	245	-835	-970	525	1,758	2,812	2,877
Total Debt/Capital (%)	59.07	77.84	77.08	70.48	423	-843.66	2,522.91	2,463.73	455.71	-113.15	-82.82	290.48	104.4	84.25	83.26
Total Debt / EV	0.05	0.29	0.38	0.71	0.78	0.84	0.97	0.61	0.56	0.72	0.38	0.39	0.35	0.39	0.53
EV/Sales	9.67	4.92	4.11	2.64	5.26	6.23	4.49	2.76	3.34	4.07	2.14	1.99	2.74	2.81	2.14
EV/EBITDA	13.01	6.85	5.51	3.62	9.69	11.87	7.46	3.71	5.01	8.27	3	2.6	3.87	4	3.16
EV/EBIT	19.92	12.78	10.03	8.04	- -	44.14	13.37	5.5	10.53	- -	3.76	3.11	6.05	7.82	7.45
EV/Cash Flow to Firm	18.07	7.05	6.24	3.79	3.61	5.99	7.56	4.11	4.78	3.38	4.61	3.91	3.99	3.97	2.78
EV/Free Cash Flow to Firm	17.98	7.04	6.23	3.79	3.61	5.34	6.82	2.31	3.09	1.95	2	1.67	1.65	1.89	1.56
Diluted Market Cap	1,491	1,057	946	344	234	168	128	535	906	374	1,296	2,671	3,413	3,763	2,132
Diluted Enterprise Value	1,555	1,468	1,524	1,141	1,066	994	1,005	1,363	2,008	1,318	2,090	4,194	5,240	6,123	4,513
EV per Share	250.1	233.91	243.52	187.77	175.76	162.55	161.05	57.65	51.87	30.83	33.18	50.21	57.04	60.8	45.84
TTM Sales	160	297	369	432	203	160	224	494	601	324	975	1,986	1,907	2,164	2,095
TTM EBITDA	119	213	276	315	110	84	135	367	401	159	697	1,520	1,349	1,517	1,416
TTM Operating Income	78	114	151	142	-28	23	75	248	191	-3	556	1,268	863	776	601
TTM Cash Flow to Firm	86	207	243	300	295	166	133	331	420	390	453	1,008	1,308	1,529	1,612
TTM Free Cash Flow to Firm	86	207	244	301	295	186	147	589	651	674	1,047	2,368	3,171	3,204	2,864

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	17.42	5.32	4.24	1.25	0.95	1.38	1.46	1.07	1.59	0.61	1.31	1.17	1.12	1.22	0.77
EV/EBIT	19.92	12.78	10.03	8.04	- -	44.14	13.37	5.5	10.53	- -	3.76	3.11	6.05	7.82	7.45
Enterprise Value	1,545	1,462	1,519	1,140	1,066	994	1,005	1,362	2,008	1,318	2,090	3,944	5,219	6,071	4,479
Low Price	132.5	137.3	117.95	47.9	33.6	15.5	6.27	14.7	14.05	3.35	8.58	20.02	25.56	31.13	19.88
EV/Sales	9.67	4.92	4.11	2.64	5.26	6.23	4.49	2.76	3.34	4.07	2.14	1.99	2.74	2.81	2.14
EV/EBITDA	13.01	6.85	5.51	3.62	9.69	11.87	7.46	3.71	5.01	8.27	3	2.6	3.87	4	3.16
Price/Earnings	36.48	14.54	17.71	2.09	- -	- -	- -	3.72	- -	- -	- -	3.17	3.67	7.13	54.12
Price/Earnings Average	35.26	16.15	17.11	5.12	-0.38	-0.74	-12.23	4.41	-10.77	-0.42	-128.15	2.97	3.49	7.34	69.14
Price/Earnings High	51.7	24.2	21.04	6.46	-0.59	-1.22	-27.15	7.38	-14.71	-1.09	-208.99	4.02	4.33	8.5	106.76
Price/Earnings Low	20.16	11.87	13.86	1.78	-0.21	-0.32	-4.26	2.42	-7.03	-0.16	-64.34	2.06	2.53	5.97	50.11
Price/Book Value	30.59	8.71	5.41	1.02	-0.37	-0.18	-0.14	-0.67	-1.04	-0.21	-0.73	-2.42	-43.88	8.38	4.35
Price/Book Value Average	29.57	9.67	5.22	2.49	-0.59	-0.23	-0.12	-0.8	-0.95	-0.22	-0.61	-2.27	-41.7	8.62	5.56
Price/Book Value High	43.35	14.49	6.42	3.13	-0.9	-0.38	-0.27	-1.33	-1.3	-0.57	-0.99	-3.07	-51.66	9.99	8.59
Price/Book Value Low	16.9	7.11	4.23	0.86	-0.32	-0.1	-0.04	-0.44	-0.62	-0.08	-0.3	-1.57	-30.26	7.02	4.03
Price/Tangible Book Value	2.98	1.79	1.52	0.44	-1.18	-0.35	-0.26	1.24	1.62	-1.68	6.03	3.25	1.66	1.6	0.99
Price/Tangible Book Value Average	2.88	1.99	1.46	1.09	-1.89	-0.44	-0.23	1.47	1.49	-1.74	5	3.04	1.57	1.65	1.26
Price/Tangible Book Value High	4.23	2.98	1.8	1.37	-2.92	-0.73	-0.51	2.47	2.04	-4.52	8.16	4.12	1.95	1.91	1.95
Price/Tangible Book Value Low	1.65	1.46	1.19	0.38	-1.03	-0.19	-0.08	0.81	0.97	-0.64	2.51	2.11	1.14	1.34	0.91
Price/Sales	9.28	3.54	2.55	0.79	1.16	1.05	0.57	1.08	1.51	1.16	1.33	1.22	1.78	1.71	1
Price/Sales Average	8.97	3.93	2.46	1.94	1.85	1.36	0.5	1.28	1.39	1.2	1.1	1.14	1.69	1.77	1.28
Price/Sales High	13.15	5.89	3.02	2.45	2.85	2.24	1.11	2.15	1.89	3.11	1.8	1.55	2.09	2.04	1.98
Price/Sales Low	5.13	2.89	1.99	0.67	1.01	0.59	0.17	0.7	0.9	0.44	0.55	0.79	1.23	1.44	0.93
Price/Cash Flow	17.4	5.29	4.22	1.25	0.95	1.65	1.75	2.19	2.67	1.13	3.27	2.61	2.87	2.63	1.39
Price/Cash Flow Average	16.82	5.88	4.08	3.06	1.51	2.12	1.54	2.6	2.45	1.17	2.72	2.44	2.72	2.71	1.78
Price/Cash Flow High	24.66	8.81	5.01	3.86	2.34	3.51	3.42	4.34	3.35	3.04	4.43	3.31	3.37	3.14	2.75
Price/Cash Flow Low	9.61	4.32	3.3	1.06	0.83	0.93	0.54	1.42	1.6	0.43	1.36	1.69	1.98	2.21	1.29
Price/Free Cash Flow Average	16.84	5.91	4.09	3.07	1.51	1.77	1.29	1.27	1.46	0.63	1.09	1.09	1.06	1.26	0.99
Price/Free Cash Flow High	24.69	8.86	5.03	3.87	2.33	2.93	2.86	2.12	2	1.64	1.77	1.48	1.32	1.46	1.53
Price/Free Cash Flow Low	9.63	4.34	3.32	1.06	0.82	0.78	0.45	0.69	0.95	0.23	0.55	0.76	0.77	1.02	0.72
EV/Sales Average	9.36	5.32	4.03	3.79	5.95	6.53	4.42	2.96	3.22	4.11	1.92	1.91	2.65	2.86	2.42
EV/Sales High	13.54	7.28	4.59	4.3	6.95	7.41	5.03	3.82	3.73	6.02	2.61	2.31	3.05	3.14	3.11
EV/Sales Low	5.52	4.27	3.56	2.52	5.11	5.77	4.09	2.38	2.74	3.35	1.37	1.56	2.18	2.53	2.06
EV/EBITDA Average	12.6	7.4	5.39	5.2	10.97	12.45	7.35	3.98	4.83	8.35	2.68	2.5	3.74	4.07	3.57
EV/EBITDA High	18.22	10.13	6.15	5.89	12.81	14.13	8.37	5.14	5.59	12.25	3.66	3.02	4.32	4.47	4.6
EV/EBITDA Low	7.43	5.95	4.77	3.46	9.42	10.99	6.8	3.2	4.11	6.82	1.91	2.04	3.09	3.61	3.05
EV/EBIT Average	19.28	13.8	9.82	11.54	-43.37	46.28	13.17	5.9	10.14	-490.13	3.36	2.99	5.85	7.97	8.42
EV/EBIT High	27.88	18.89	11.19	13.08	-50.65	52.56	14.99	7.63	11.74	-718.77	4.58	3.62	6.75	8.74	10.85
EV/EBIT Low	11.37	11.09	8.68	7.67	-37.24	40.88	12.19	4.75	8.63	-400.08	2.4	2.44	4.83	7.05	7.19
Last Price	239.8	168.2	150.7	56.5	38.6	27.5	20.5	22.6	23.4	8.76	20.58	30.82	37.07	37.16	21.47
High Price	339.8	280	179	174.3	95.1	58.5	40	44.9	29.4	23.6	27.87	39.1	43.64	44.31	42.35
Enterprise Value Average	1,496	1,578	1,487	1,636	1,206	1,043	990	1,462	1,935	1,331	1,870	3,792	5,050	6,180	5,061
Enterprise Value High	2,163	2,160	1,695	1,855	1,409	1,184	1,127	1,888	2,240	1,952	2,549	4,594	5,820	6,785	6,519
Enterprise Value Low	882	1,269	1,314	1,087	1,036	921	916	1,175	1,646	1,087	1,334	3,096	4,166	5,469	4,324

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	6	6	6	6	6	6	7	38	41	46	77	85	101	99	97
Diluted Weighted Avg Shares	6	6	6	6	6	6	6	24	39	43	63	87	92	101	99
Basic Weighted Avg Shares	6	6	6	6	6	6	6	24	39	43	63	79	91	100	98
Revenue per Share	25.85	47.5	59.2	71.12	33.42	26.11	35.89	20.91	15.53	7.58	15.48	25.28	20.85	21.67	21.44
EBITDA per Share	19.22	34.14	44.23	51.84	18.13	13.69	21.58	15.55	10.36	3.73	11.07	19.35	14.74	15.19	14.49
Operating Income per Share	12.56	18.31	24.29	23.36	-4.59	3.68	12.04	10.48	4.93	-0.06	8.83	16.15	9.43	7.77	6.15
Basic EPS, GAAP	6.57	11.57	8.51	26.98	-160.81	-47.98	-1.47	6.08	-2	-21.55	-0.13	9.72	10.09	5.21	0.4
Basic EPS from Cont Ops	6.57	11.57	8.51	26.98	-160.81	-47.98	-1.47	6.08	-1.97	-21.2	0.1	9.84	10.09	5.21	0.4
Diluted EPS, GAAP	6.53	11.5	8.46	26.91	-160.81	-47.98	-1.47	6.07	-2	-21.55	-0.13	8.81	10.03	5.14	0.39
Diluted EPS from Cont Ops	6.53	11.5	8.46	26.91	-160.81	-47.98	-1.47	6.07	-1.97	-21.2	0.1	8.92	10.03	5.14	0.39
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.54	0.93	1.35	1.62	1.77
Cash Flow per Share	13.78	31.77	35.72	45.19	40.73	16.66	11.69	10.34	8.78	7.76	6.29	11.82	12.93	14.11	15.41
Free Cash Flow per Basic Share	13.71	31.73	35.66	45.16	40.71	13.35	9.38	-0.58	2.83	1.12	-3.13	-5.49	-7.42	-2.66	2.59
Cash & Equivalents per Share	1.02	2.14	0.91	1.54	0.56	1.06	16.37	0.1	0.42	0.03	0.15	0.03	0.09	0.09	0.15
Book Value per Share	7.84	19.32	27.87	55.61	-105.16	-152.24	-150.7	-33.72	-22.55	-41.64	-28.16	-12.73	-0.84	4.44	4.93
Tangible Book Value per Share	80.37	93.81	99.39	127.01	-32.58	-79.68	-78.65	18.2	14.43	-5.22	3.42	9.49	22.38	23.24	21.76

Northern Oil and Gas, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)