Northern Oil & Gas (HAM:4LT1) 3-Year RORE % : -209.98% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HAM:4LT1 Northern Oil & Gas Inc HAM:4LT1
56 GF Score
Price €17.76
GF Value €26.33
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Northern Oil & Gas 3-Year RORE %?

Northern Oil & Gas HAM:4LT1 -1.61% 56 3-Year RORE % is -209.98 as of Mar. 2026. GuruFocus rates HAM:4LT1 with a GF Score™ of 56/100 and a GF Value™ of €26.33 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 918 Oil & Gas companies, Northern Oil & Gas ranks worse than 99.24% on this metric.

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. Northern Oil & Gas's 3-Year RORE % for the quarter that ended in Mar. 2026 was -209.98%.

The industry rank for Northern Oil & Gas's 3-Year RORE % or its related term are showing as below:

HAM:4LT1's 3-Year RORE % is ranked worse than
99.24% of 918 companies
in the Oil & Gas industry
Industry Median: 1.235 vs HAM:4LT1: -209.98

Northern Oil & Gas  (HAM:4LT1) 3-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 3-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


Northern Oil & Gas 3-Year RORE % Related Terms


Northern Oil & Gas 3-Year RORE % Historical Data

* Premium members only.

The historical data trend for Northern Oil & Gas's 3-Year RORE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Northern Oil & Gas 3-Year RORE % Chart

Northern Oil & Gas Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year RORE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.59 -228.63 59.50 -16.17 -63.47

Northern Oil & Gas Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year RORE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -33.49 -33.96 -33.55 -63.47 -209.98

HAM:4LT1 vs MNR, TALO, BKV: 3-Year RORE % Comparison

For the Oil & Gas E&P subindustry, Northern Oil & Gas's 3-Year RORE %, along with its competitors' market caps and 3-Year RORE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Northern Oil & Gas 3-Year RORE % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Northern Oil & Gas's 3-Year RORE % distribution charts can be found below:

* The bar in red indicates where Northern Oil & Gas's 3-Year RORE % falls into.


HAM:4LT1
56GF Score
Northern Oil & Gas Inc HAM:4LT1
3-Year RORE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Northern Oil & Gas 3-Year RORE % Calculation

Northern Oil & Gas's 3-Year RORE % for the quarter that ended in Mar. 2026 is calculated as:

3-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 3-year -Cumulative Dividends per Share for 3-year )
=( -5.482-5.674 )/( 6.086-0.773 )
=-11.156/5.313
=-209.98 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of 3-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Mar. 2026 and 3-year before.

Frequently Asked Questions Learn more about 3-Year RORE % →
What does a 3-Year RORE % of -209.98 mean?
Northern Oil & Gas (HAM:4LT1) has a 3-Year RORE % of -209.98 as of Mar. 2026. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Northern Oil & Gas and its competitors. According to the industry distribution chart, Northern Oil & Gas ranks #911 out of 918 companies in the Oil & Gas industry, placing it in the top 99.2%.
Is Northern Oil & Gas' 3-Year RORE % too high?
Northern Oil & Gas' current 3-Year RORE % is -209.98. Based on the distribution chart, Northern Oil & Gas ranks #911 out of 918 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Northern Oil & Gas has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Northern Oil & Gas' 3-Year RORE % compare to MNR and TALO?
According to the Oil & Gas industry distribution chart, Northern Oil & Gas ranks #911 out of 918 companies for 3-Year RORE %. This places Northern Oil & Gas in the lower half of its industry. The industry median 3-Year RORE % is 1.24. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year RORE % for an Oil & Gas company?
The median 3-Year RORE % among Oil & Gas companies is 1.24, based on 918 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year RORE % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year RORE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year RORE % mean?
A high 3-Year RORE % can signal that a stock is expensive relative to its fundamentals. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Northern Oil & Gas and its competitors. For the Oil & Gas industry, the median 3-Year RORE % is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Oil & Gas's current 3-Year RORE % is -209.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Oil & Gas stock overvalued right now?
Based on GuruFocus' analysis, Northern Oil & Gas (HAM:4LT1) is currently considered Possible Value Trap. The stock's GF Value™ is €26.33, compared to a current price of €17.76 — trading 32.6% below its estimated fair value. The current 3-Year RORE % is -209.98. Northern Oil & Gas' overall GF Score™ is 56/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year RORE % calculated?
3-Year RORE % is calculated from a company's financial statements. For Northern Oil & Gas (HAM:4LT1), the current 3-Year RORE % is -209.98 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Northern Oil & Gas (HAM:4LT1) Overvalued in 2026?

Based on GuruFocus' analysis, Northern Oil & Gas stock appears to be undervalued. The current stock price of €17.76 is trading 32.6% below its estimated GF Value™ of €26.33. GuruFocus considers Northern Oil & Gas to be Possible Value Trap.

Key valuation signals for HAM:4LT1:

  • 3-Year RORE %: -209.98
  • GF Value™: €26.33 vs. price of €17.76 (32.6% below fair value)
  • GF Score™: 56/100 with 5 warning signs

No single metric tells the full story. See the HAM:4LT1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Northern Oil & Gas Business Description

Industry EnergyOil & Gas
Other Exchanges NOG:USA4LT1:Germany
Address 4350 Baker Road, Suite 400, Minnetonka, MN, USA, 55343
Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production. The company's oil and natural gas sales come from three geographic areas in the United States: the Williston Basin (North Dakota and Montana), the Permian Basin (New Mexico and Texas), the Uinta Basin, and the Appalachian Basin (Pennsylvania and Ohio).
56GF Score

Get the complete analysis for HAM:4LT1

3-Year RORE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€17.76
Price
€26.33
GF Value