The President of Northern Oil And Gas (NYSE MKT: NOG) is Buying Shares

By Carrie Williams

Today, the President of Northern Oil And Gas (NOGResearch Report), Michael Lewis Reger, bought shares of NOG for $440K.

Following this transaction Michael Lewis Reger’s holding in the company was increased by 2.02% to a total of $23.13 million.

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Based on Northern Oil And Gas’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $133 million and GAAP net loss of $107 million. In comparison, last year the company earned revenue of $86.88 million and had a net profit of $2.97 million. Currently, Northern Oil And Gas has an average volume of 7.36M.

Starting in March 2019, NOG received 6 Buy ratings in a row.

The insider sentiment on Northern Oil And Gas has been neutral according to 68 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Northern Oil & Gas, Inc. engages in the acquisition, exploration, development, and production of crude oil and natural gas properties. It focuses on the Bakken and Three Forks formation within the Williston Basin in North Dakota and Montana. The company was founded on March 20, 2007 and is headquartered in Minnetonka, MN.