Morgan Stanley Remains a Sell on Northern Oil And Gas (NOG)

In a report released on May 22, Devin McDermott from Morgan Stanley maintained a Sell rating on Northern Oil And Gas, with a price target of $29.00. The company’s shares closed last Friday at $23.75.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence

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According to TipRanks, McDermott is a 5-star analyst with an average return of 10.7% and a 58.63% success rate. McDermott covers the Energy sector, focusing on stocks such as Range Resources, Diamondback, and APA.

Northern Oil And Gas has an analyst consensus of Moderate Buy, with a price target consensus of $33.38.

Based on Northern Oil And Gas’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $544.09 million and a GAAP net loss of $522.85 million. In comparison, last year the company earned a revenue of $580.34 million and had a net profit of $138.98 million