Bahram Akradi Acquires Shares of Northern Oil and Gas
On June 22, Bahram Akradi bought 25,760 shares of Northern Oil and Gas, Inc. for about $499,744.
Key Points
- Bahram Akradi purchased 25,760 shares of Northern Oil and Gas, Inc. on June 22, 2026, at an average price of $19.40 per share, amounting to a total transaction value of $499,744.
- Shares of Northern Oil and Gas, Inc. traded near $19.42 on Wednesday, with a market cap of approximately $2.1 billion and a forward P/E ratio of 4.63.
- Analysts at Raymond James maintained a 'buy' rating with a $30 target on June 15, 2026, while the consensus target price is $33.67.
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Bahram Akradi, a notable insider, made a significant purchase of Northern Oil and Gas, Inc. shares on June 22, 2026. He bought 25,760 shares at an average price of $19.40 each. This transaction totaled approximately $499,744.
Insider Buying and Selling at Northern Oil and Gas, Inc.
Bahram Akradi's recent acquisition adds to the insider activity at Northern Oil and Gas. On March 16, 2026, President Adam Dirlam also bought 36,241 shares, while Chief Technical Officer James Evans sold 5,672 shares at $27.51. CEO Nicholas O'Grady sold 25,053 shares at the same price on that day.
Other Institutional Activity in Northern Oil and Gas
Several institutional investors have been active in Northern Oil and Gas. BlackRock, Inc. increased its holdings by 1,148,557 shares, now holding 15,718,942 shares valued at about $459.5 million. State Street Corp boosted its stake by 1,356,072 shares, bringing its total to 6,539,968 shares worth $194.1 million. Meanwhile, American Century Companies Inc. reduced its position by 425,775 shares, leaving it with 7,974,272 shares valued at $233.1 million.
Northern Oil and Gas, Inc. Stock Down 24.5%
Shares of NYSE:NOG traded near $19.42 on Wednesday. The company has a market cap of roughly $2.1 billion and a forward P/E ratio of 4.63. Its beta is 0.686, indicating less volatility compared to the market. The stock's 52-week range is between $18.75 and $31.51, with a 50-day moving average of $23.89 and a 200-day moving average of $24.33.
$NOG stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Northern Oil and Gas reported revenue of $1.93 billion, though it experienced a revenue decline of 7.1%. The company posted a net margin of -32.36% and a return on equity of -29.77%. The next earnings report is scheduled for August 6, 2026.
Dividend
The company offers a dividend rate of $1.80 per share, yielding 9.26%. The dividend payout ratio stands at 4.62%.
Analysts Set New Price Targets
On June 15, 2026, Raymond James maintained its 'buy' rating on Northern Oil and Gas with a price target of $30. The consensus among analysts is a 'buy' rating with a mean target price of $33.67, based on nine analyst opinions.
About Northern Oil and Gas
Northern Oil and Gas, Inc. is an independent energy company focused on acquiring, exploring, and developing oil and gas properties in the United States. Founded in 2006, the company is headquartered in Minnetonka, Minnesota, and is led by CEO Nicholas O'Grady.
Bottom Line
Bahram Akradi's purchase of Northern Oil and Gas shares is a notable insider transaction. Investors often track such moves for potential insights into the company's prospects. However, it's important to remember that insider trades are just one piece of the investment puzzle. The company's recent earnings performance and analyst ratings also provide valuable context.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.