Allen Chad W, an insider at Northern Oil and Gas Inc (NOG), sold 73,163 shares of the company on December 28, 2025, at a price of $21.90 per share, totaling $1.60 million. After this transaction, Chad retains an equal number of shares in the company.
Northern Oil and Gas Inc, headquartered in Minnetonka, Minnesota, focuses on the acquisition, exploration, development, and production of crude oil and natural gas properties. The company operates primarily in the Williston Basin, the Permian Basin, the Appalachian Basin, and the Uinta Basin, maintaining a portfolio of 300,000 acres with over 10,000 wells. As of December 30, 2025, NOG has a market cap of $2.1 billion, a P/E ratio of 11.80, and an EPS of 1.77.
Insider transactions like this one are reported to the SEC, providing insight into how executives view their stock. However, such sales can occur for various reasons, including personal financial needs or tax planning. While they may attract attention, they should not be the sole factor in investment decisions. Investors are encouraged to consider patterns of insider activity across multiple individuals and time periods.
Upcoming earnings for Northern Oil and Gas are scheduled for April 27, 2026, with an estimated EPS of $0.82 on revenue of $521.8 million.