NOG NORTHERN OIL & GAS, INC. Insider Trading

Director Bahram Akradi buys 25,760 shares of Northern Oil at $19.40; holdings rise to 1.71M shares amid $-522.8M net loss.

Bahram Akradi, a director of Northern Oil & Gas, purchased 25,760 shares for $499,741.42 at $19.40 on 2026-06-22, increasing his stake to 1,713,444 shares (+1.5% vs pre-transaction holdings). While the insider's cross-ticker track record shows 8 prior buys with a 42.86% 90-day win rate (avg 90d return -1.0%), his prior trading activity at Northern Oil is not yet measurable, limiting the use of timing precedent at this specific ticker. More concerning is the company's financial position: latest quarterly revenue stands at $5,029,000.00 with a net loss of $-522,847,000.00, indicating severe financial distress despite annual revenue growth of +11.2%. The purchase occurs against a backdrop of substantial losses, which creates ambiguity about whether the transaction reflects conviction in a turnaround or other corporate motives.

Director Roy Ernest Easley purchases 25,000 shares at blended $24.03 average, raising stake 43.0% to 83,132 shares at NOG despite $129.1M net loss.

Director Easley executed 2 separate purchases totaling 25,000 shares for $600,770.00 over two consecutive trading days (2025-12-10 and 2025-12-11), increasing his holdings from 58,132 shares to 83,132 shares, a 43.0% increase in position size. This material accumulation occurs against a backdrop of significant financial strain: Northern Oil & Gas reported a net loss of $129.1M in the latest quarter while generating revenue of $556.6M, and annual revenue growth stands at only 2.8%. The combination of a director meaningfully increasing exposure through consecutive open-market buys while the company operates at substantial losses warrants investor attention to both the director's conviction and the underlying operational/financial drivers that may inform his view.

NOG CEO O'Grady bought 1,000 shares at $27.48; CEO + 2 other insiders buying within 14 days

CEO Nicholas L. O'Grady purchased 1,000 shares at $27.48 on 2025-03-07, increasing his holdings from 225.2K to 226.2K shares. This buy coincides with a cluster pattern in which 2 other insiders also purchased within the past 14 days, suggesting aligned activity at the executive level. O'Grady's own trading history shows 1 prior buy and 2 prior sells, making this purchase part of an otherwise modest engagement pattern. The company's fundamentals remain solid with $753.6M in latest-quarter revenue and $298.4M net income, though annual revenue growth stands at +2.8%, a moderate pace. The cluster buying activity merits observation as a data point on insider perspective, though the individual transaction size is modest relative to O'Grady's existing position.

Director Lasher Stuart G. purchased 20,000 shares of NOG at $27.62 on 2025-03-04; 2 other insiders also bought within 14 days.

Director Lasher Stuart G. bought 20,000 shares at $27.62, doubling his holdings from 20,000 to 40,000 shares. This purchase coincides with a cluster pattern: 2 other insiders made acquisitions within the past 14 days at Northern Oil & Gas. Simultaneous buys by multiple board/officer members merit attention in the energy sector context, where commodity exposure and capital allocation decisions are material. With recent quarterly net income of $298.4M on revenue of $753.6M, the company demonstrates strong profitability, though annual revenue growth of +2.8% suggests a mature operational profile. The cluster pattern warrants monitoring for any signals about insider appetite for shareholding at this price level.

Director Akradi Bahram buys 40,000 NOG shares at $28.03; cluster pattern with 2 other insiders buying within 14 days

Akradi Bahram, a Director at Northern Oil & Gas, purchased 40,000 shares at $28.03 for $1,121,360.00 on 2025-03-04, increasing his holdings to 1,662,016 shares. Notably, this buy occurs within a cluster: 2 other insiders also bought within the past 14 days. Across his cross-ticker open-market history, his 7 prior buys averaged +4.5% return over 30 days but -1.0% over 90 days with a 42.86% win rate, suggesting mixed predictive value. The company's fundamentals show recent revenue of $753,638,000.00 with net income of $298,446,000.00 (a strong 39.6% net margin), though annual revenue growth is modest at +2.8%. The synchronized buying activity across multiple insiders warrants tracking as a coordinated signal, though the cross-ticker historical timing record on buys is uneven.

CEO O'GRADY bought 1,500 shares of NOG at $28.59 on 2025-03-03 for $42,883.50

CEO Nicholas L. O'Grady purchased 1,500 shares at $28.59, bringing his holdings to 225,189 shares post-transaction. This open-market purchase represents a modest 0.7% addition to his position. Given the company's robust fundamentals—net income of $298,446,000.00 on revenue of $753,638,000.00 in the latest quarter—the buy occurs in a profitable operating context. However, O'Grady's cross-ticker track record shows only 2 prior sells, providing limited insight into his typical buy-and-hold or trading pattern at this security.