20 Mid-Cap Stocks Insiders Were Buying in Q1 2025

11. Northern Oil and Gas, Inc. (NYSE:NOG)

Market Cap: $2.34 billion

Northern Oil and Gas, Inc., based in Minnetonka, Minnesota, is an independent energy company focused on acquiring and developing crude oil and natural gas properties across the U.S.

In March, three insiders purchased approximately $1.74 million worth of Northern Oil and Gas shares at an average price of $27.93 per share. The stock now trades at $23.81 per share, having dropped 35.93% year-to-date, and 43.91% over the past 12 months.

In the fourth quarter of 2024, Northern Oil and Gas produced 131,777 Boe per day, up 15% from the previous year, and generated $290.3 million in GAAP cash flow from operations. The company reported $96.4 million in free cash flow, spent $258.9 million on capital expenditures, and completed a $511.3 million acquisition in the Uinta Basin. During the quarter, Northern Oil and Gas also increased its quarterly dividend by 12.5% to $0.45 per share, and repurchased nearly 694,000 shares at an average price of $36.28.

According to MarketBeat, 10 analysts rate Northern Oil and Gas stock as a “Moderate Buy” with an average price target of $44.78.