Nostrum Oil & Gas (NOG) Stock Rating Reaffirmed by Peel Hunt
Nostrum Oil & Gas (LON:NOG)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a research note issued to investors on Thursday. They currently have a GBX 600 ($8.02) target price on the stock. Peel Hunt’s price objective would suggest a potential upside of 84.33% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Numis Securities cut their price objective on Nostrum Oil & Gas from GBX 560 ($7.49) to GBX 540 ($7.22) and set a “buy” rating for the company in a report on Tuesday, October 31st. Credit Suisse Group cut their price objective on Nostrum Oil & Gas from GBX 545 ($7.29) to GBX 460 ($6.15) and set an “outperform” rating for the company in a report on Tuesday, September 19th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Nostrum Oil & Gas has a consensus rating of “Buy” and an average price target of GBX 528 ($7.06).
Nostrum Oil & Gas (LON:NOG) opened at GBX 325.50 ($4.35) on Thursday. Nostrum Oil & Gas has a fifty-two week low of GBX 298.40 ($3.99) and a fifty-two week high of GBX 535 ($7.15). The stock has a market capitalization of $610.86 and a PE ratio of -2,959.09.
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Nostrum Oil & Gas Company Profile
Nostrum Oil & Gas PLC (Nostrum) is an independent oil and gas company. The Company is engaged in the production, development and exploration of oil and gas in the pre-Caspian Basin. The Company’s range of products includes crude oil, stabilized liquid condensate, liquefied petroleum gas (LPG) and dry gas.
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