Shares of Nostrum Oil & Gas PLC (LON:NOG) reached a new 52-week low on Wednesday . The company traded as low as GBX 328.40 ($4.32) and last traded at GBX 340.70 ($4.48), with a volume of 587754 shares trading hands. The stock had previously closed at GBX 340.70 ($4.48).

NOG has been the topic of a number of analyst reports. Deutsche Bank AG decreased their price target on Nostrum Oil & Gas PLC from GBX 540 ($7.10) to GBX 450 ($5.92) and set a “hold” rating on the stock in a research note on Wednesday, August 30th. Credit Suisse Group decreased their price target on Nostrum Oil & Gas PLC from GBX 545 ($7.17) to GBX 460 ($6.05) and set an “outperform” rating on the stock in a research note on Tuesday, September 19th. Peel Hunt lifted their price target on Nostrum Oil & Gas PLC from GBX 630 ($8.29) to GBX 650 ($8.55) and gave the company a “buy” rating in a research note on Monday, October 2nd. Finally, Numis Securities Ltd decreased their price target on Nostrum Oil & Gas PLC from GBX 600 ($7.89) to GBX 560 ($7.37) and set a “buy” rating on the stock in a research note on Thursday, October 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Nostrum Oil & Gas PLC presently has a consensus rating of “Buy” and a consensus target price of GBX 528 ($6.94).

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Nostrum Oil & Gas PLC 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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