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

Morgan Stanley analyst Devin McDermott maintained a Sell rating on Northern Oil And Gas today and set a price target of $26.00.

TipRanks Black Friday Sale

• Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
• Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off

According to TipRanks, McDermott is a 5-star analyst with an average return of 10.3% and a 58.90% success rate. McDermott covers the Energy sector, focusing on stocks such as Chevron, Civitas Resources, and EQT.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Northern Oil And Gas with a $28.86 average price target.

Based on Northern Oil And Gas’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $485.87 million and a GAAP net loss of $129.07 million. In comparison, last year the company earned a revenue of $515.49 million and had a net profit of $298.45 million