Insider Buying: Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) Major Shareholder Purchases 985,100 Shares of Stock

Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) major shareholder Robert B. Rowling purchased 985,100 shares of the business’s stock in a transaction on Friday, August 16th. The stock was purchased at an average cost of $1.60 per share, with a total value of $1,576,160.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

NYSEAMERICAN:NOG traded up $0.09 during trading hours on Friday, hitting $1.71. The stock had a trading volume of 3,808,099 shares, compared to its average volume of 5,430,861. Northern Oil & Gas, Inc. has a one year low of $1.40 and a one year high of $4.49.

Northern Oil & Gas (NYSEAMERICAN:NOG) last announced its quarterly earnings results on Thursday, August 1st. The energy company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The firm had revenue of $186.44 million during the quarter, compared to the consensus estimate of $153.11 million.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of Northern Oil & Gas from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. Northland Securities set a $5.00 price target on shares of Northern Oil & Gas and gave the company a “buy” rating in a report on Tuesday, July 2nd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $3.88.

Large investors have recently made changes to their positions in the business. Legal & General Group Plc raised its position in shares of Northern Oil & Gas by 18.2% during the 4th quarter. Legal & General Group Plc now owns 34,413 shares of the energy company’s stock valued at $78,000 after buying an additional 5,311 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Northern Oil & Gas by 40.9% during the 2nd quarter. Prudential Financial Inc. now owns 21,540 shares of the energy company’s stock valued at $42,000 after buying an additional 6,250 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Northern Oil & Gas by 35.6% during the 4th quarter. Principal Financial Group Inc. now owns 27,259 shares of the energy company’s stock valued at $62,000 after buying an additional 7,153 shares in the last quarter. Creative Planning raised its position in shares of Northern Oil & Gas by 4.7% during the 1st quarter. Creative Planning now owns 166,305 shares of the energy company’s stock valued at $456,000 after buying an additional 7,422 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. raised its position in shares of Northern Oil & Gas by 16.3% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 71,500 shares of the energy company’s stock valued at $138,000 after buying an additional 10,000 shares in the last quarter.

About Northern Oil & Gas

Northern Oil and Gas, Inc, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company primarily holds interests in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana.

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Insider Buying and Selling by Quarter for Northern Oil & Gas (NYSEAMERICAN:NOG)

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