Morgan Stanley Reiterates Sell Rating for Northern Oil and Gas
Morgan Stanley maintains a sell rating on Northern Oil and Gas, Inc. with a $25 price target, a 37.74% upside from the current price.
Key Points
- Morgan Stanley reiterated its sell rating on Northern Oil and Gas, Inc. (NOG) with a $25 target on June 29, 2026.
- Morgan Stanley's $25 price target implies 37.74% upside from Northern Oil and Gas, Inc.'s ($NOG) current $18.15 share price.
- Shares of NYSE:NOG were trading at $19.17 on Monday, with the company having a market cap of about $2.09 billion.
- Insiders at Northern Oil and Gas have been active, with several buys and sells reported in recent months.
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Morgan Stanley has reiterated its sell rating on Northern Oil and Gas, Inc. (NYSE:NOG) with a price target of $25. This reaffirmation by analyst Devin McDermott came on June 29, 2026. Shares of Northern Oil and Gas traded at $19.17 on Monday.
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Northern Oil and Gas, Inc. Stock Down 29.5%
Shares of NYSE:NOG traded near $19.17 on Monday. Northern Oil and Gas has a market cap of approximately $2.09 billion. The company has a forward P/E ratio of 4.72 and a beta of 0.686, suggesting lower volatility compared to the broader market. The stock has seen a 52-week low of $18.63 and a high of $31.28, with a 50-day moving average of $23.18 and a 200-day moving average of $24.19.
$NOG price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Northern Oil and Gas reported revenue of about $1.93 billion, though it experienced a revenue decline of 7.1%. The company's earnings per share (EPS) is negative at -$6.32, reflecting its unprofitability. Net margin is at -32.36%, and return on equity is -29.77%. The next earnings date is scheduled for August 6, 2026.
Dividend
The company offers an annual dividend rate of $1.80, yielding 9.39%. The dividend payout ratio stands at 4.62%, indicating the percentage of earnings paid out as dividends to shareholders.
Insider Buying and Selling at Northern Oil and Gas, Inc.
Insiders at Northern Oil and Gas have been active in recent months. Bahram Akradi bought 25,760 shares on June 22, 2026, at an average price of $19.40. Adam Dirlam, the President, purchased 36,241 shares on March 16, 2026, while Chief Technical Officer James Evans sold 5,672 shares on the same day at $27.51 per share. CEO Nicholas O'Grady also sold 25,053 shares on March 16, 2026, at $27.51 per share.
Analysts Set New Price Targets
On June 29, 2026, Morgan Stanley maintained its sell rating with a $25 price target for Northern Oil and Gas. Earlier, on June 15, 2026, Raymond James maintained a buy rating with a $30 target. The consensus among analysts is a buy rating, with an average target price of $33.11 based on 9 analyst opinions.
About Northern Oil and Gas, Inc.
Northern Oil and Gas, Inc. is an independent energy company based in Minnetonka, Minnesota. It focuses on acquiring, exploring, and developing oil and natural gas properties in the United States. Founded in 2006, the company is led by CEO Nicholas L. O'Grady and employs 64 people.
Bottom Line
Morgan Stanley's reiterated sell rating on Northern Oil and Gas highlights the firm's cautious outlook on the stock. Investors track such analyst ratings closely as they can influence market sentiment. It's important to remember that analyst ratings are opinions and should be considered as part of a broader investment strategy.
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