The President of Northern Oil And Gas (NOG) is Buying Shares
Today, the President of Northern Oil And Gas (NOG), Michael Lewis Reger, bought shares of NOG for $251K.
In addition to Michael Lewis Reger, 2 other NOG executives reported Buy trades in the last month. This recent transaction increases Michael Lewis Reger’s holding in the company by 1.01% to a total of $24.37 million.
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Based on Northern Oil And Gas’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $153 million and quarterly net profit of $218 million. In comparison, last year the company earned revenue of $72.48 million and had a GAAP net loss of $23.85 million. NOG’s market cap is $923.1M and the company has a P/E ratio of 12.69. Currently, Northern Oil And Gas has an average volume of 5.22M.
In the last 30 days, insiders have sold $3.54M worth of NOG shares and purchased $251K worth of NOG shares. The insider sentiment on Northern Oil And Gas has been negative according to 68 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Michael Lewis Reger’s trades have generated a -68.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.