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Morgan Stanley Sticks to Their Sell Rating for Northern Oil And Gas (NOG)

Tipranks - Tipranks - Sat Apr 18, 9:12AM CDT

Morgan Stanley analyst Devin McDermott maintained a Sell rating on Northern Oil And Gas today and set a price target of $25.80.

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According to TipRanks, McDermott is a 5-star analyst with an average return of 11.2% and a 59.27% success rate. McDermott covers the Energy sector, focusing on stocks such as Expand Energy, APA, and Devon Energy.

Currently, the analyst consensus on Northern Oil And Gas is a Hold with an average price target of $32.30.

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Based on Northern Oil And Gas’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $450.86 million and a GAAP net loss of $70.73 million. In comparison, last year the company earned a revenue of $549.2 million and had a net profit of $71.7 million

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