Nostrum Oil & Gas (LON:NOG) Trading Up 1.1% – Time to Buy?

Nostrum Oil & Gas PLC (LON:NOG)’s stock price rose 1.1% on Thursday . The stock traded as high as GBX 3.90 and last traded at GBX 3.60. Approximately 426,950 shares traded hands during trading, an increase of 450% from the average daily volume of 77,681 shares. The stock had previously closed at GBX 3.56.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “hold” rating and set a GBX 4 target price on shares of Nostrum Oil & Gas in a research report on Monday, September 1st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 4.

Nostrum Oil & Gas Price Performance

The company has a debt-to-equity ratio of -384.25, a current ratio of 3.35 and a quick ratio of 0.17. The firm has a market capitalization of £6.76 million, a PE ratio of -0.02, a P/E/G ratio of -0.07 and a beta of 1.33. The company has a 50-day moving average price of GBX 3.57 and a 200-day moving average price of GBX 3.48.

Nostrum Oil & Gas Company Profile

Nostrum Oil & Gas PLC, an independent oil and gas company, engages in the exploration, development, and production of oil and gas in the pre-Caspian Basin. The company discovers and develops oil and gas reserves, as well as produces and sells crude oil, stabilized condensate, liquefied petroleum gas, and dry gas.