Northern Oil Insiders Strengthen Positions Following Convertible Notes Completion

Northern Oil and Gas, Inc. (NYSE:NOG) is one of the 10 Energy Stocks with Insider Buying in 2025.

Following the completion of a $200 million Convertible Notes placement, the company got its Buy rating reiterated.

Northern Oil Insiders Strengthen Positions Following Convertible Notes Completion

An aerial view of an oil and gas platform in the middle of the ocean, representing the massive resources harvested by the company.

Operating from its headquarters in Minnesota, one of the leading U.S. non-operated energy investment firms, Northern Oil and Gas, Inc. (NYSE:NOG) concentrates on acquiring minority interests in oil and natural gas wells across basins such as Williston, Permian, Uinta, and Appalachia. The company owns approximately 300,000 acres and thousands of wells.

On June 18, 2025, Northern Oil and Gas, Inc. (NYSE:NOG) announced the completion of a private placement of $200 million in 3.65% Convertible Senior Notes. The Notes have a due date of 2029. Under a purchase agreement with Morgan Stanley, the company has completed the issuance and anticipates flexibility in its financial position. On the same day, Roth MKM reiterated its Buy rating on Northern Oil and Gas, Inc. (NYSE:NOG) while maintaining a price target of $47.50.

Following these developments, the company’s recent weekly performance has experienced an uptick of 9.59%, as of July 8, 2025.

Insider transactions were active during the month of March 2025, when the company’s CEO and Directors purchased a total of 62,500 shares valued at $1,744,124. They were the biggest contributors to the 2.14% increase in insider transactions.

While we acknowledge the risk and potential of NOG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NOG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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