NOGNEUTRAL

Gross Margin

32.9%

Higher than 52% of Energy sector peers

Updated 71h ago

Sector Performance

52th percentile

NOG

32.9%

Sector Median

32.4%

Sector Avg

39.3%

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Deep Analysis

Gross margin represents the percentage of revenue left after subtracting the direct costs of producing oil and gas, such as drilling and extraction expenses.

Northern Oil and Gas's current gross margin of 32.9% exactly matches the sector median of 32.9%, placing it at the 50th percentile among its energy peers. Both the year-over-year change and quarter-over-quarter change are listed as N/A, so no trend direction is available for the last eight quarters. The combination of an average margin with no trend data implies a neutral risk profile—there is no clear sign of improving or deteriorating cost efficiency. This metric supports the overall NEUTRAL verdict, as it provides neither a reason to favor nor to avoid the stock. Investors cannot assess momentum from this single observation, reinforcing the absence of a strong signal.

Frequently Asked Questions

What does the Gross Margin tell investors about NOG?

Gross margin reveals pricing power and cost structure. Software companies often sustain 70–80%; manufacturers typically 30–50%. Expansion is a bullish signal.

How is the Gross Margin calculated?

Gross Margin is calculated as: Gross Profit / Revenue.

How does NOG's Gross Margin compare to its sector?

NOG's Gross Margin of 32.9% compares to a Energy sector median of 32.4%, placing it in the 52th percentile.

Who are NOG's closest peers by Gross Margin?

The closest Energy peers by Gross Margin include: CVE (31.8%), LNG (31.7%), PXD (34.2%), RUN (30.4%), ARRY (28.2%).

The Formula

Gross Profit / Revenue

Why It Matters

Gross margin reveals pricing power and cost structure. Software companies often sustain 70–80%; manufacturers typically 30–50%. Expansion is a bullish signal.