Peel Hunt Reaffirms Buy Rating for Nostrum Oil & Gas PLC (LON:NOG)

Peel Hunt reiterated their buy rating on shares of Nostrum Oil & Gas PLC (LON:NOG) in a research note published on Wednesday, October 18th. Peel Hunt currently has a GBX 650 ($8.58) price objective on the stock.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank AG cut Nostrum Oil & Gas PLC to a hold rating and decreased their price target for the company from GBX 600 ($7.92) to GBX 540 ($7.13) in a research report on Thursday, July 6th. Credit Suisse Group decreased their price target on Nostrum Oil & Gas PLC from GBX 545 ($7.19) to GBX 460 ($6.07) and set an outperform rating on the stock in a research report on Tuesday, September 19th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of GBX 544 ($7.18).

Shares of Nostrum Oil & Gas PLC (LON:NOG) traded up 1.49% during mid-day trading on Wednesday, reaching GBX 380.60. 86,142 shares of the company were exchanged. The stock’s market capitalization is GBX 705.00 million. The firm has a 50-day moving average price of GBX 391.98 and a 200 day moving average price of GBX 437.00. Nostrum Oil & Gas PLC has a 12 month low of GBX 343.25 and a 12 month high of GBX 535.00.

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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.

Analyst Recommendations for Nostrum Oil & Gas PLC (LON:NOG)

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