Nostrum Oil & Gas (LON:NOG) had its price objective reduced by research analysts at Peel Hunt from GBX 640 ($8.84) to GBX 510 ($7.05) in a report released on Wednesday, January 31st. The firm currently has a “buy” rating on the stock. Peel Hunt’s price target indicates a potential upside of 95.78% from the stock’s current price.
NOG has been the topic of several other reports. Numis Securities restated a “buy” rating and set a GBX 440 ($6.08) target price on shares of Nostrum Oil & Gas in a research report on Tuesday, January 30th. Credit Suisse Group restated an “outperform” rating and set a GBX 450 ($6.22) target price on shares of Nostrum Oil & Gas in a research report on Friday, November 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of GBX 470 ($6.49).
Shares of Nostrum Oil & Gas (LON:NOG) traded down GBX 0.50 ($0.01) during midday trading on Wednesday, hitting GBX 260.50 ($3.60). 273,783 shares of the company’s stock traded hands, compared to its average volume of 454,346. The stock has a market cap of $482.77 and a price-to-earnings ratio of -2,605.00. Nostrum Oil & Gas has a 52 week low of GBX 244 ($3.37) and a 52 week high of GBX 535 ($7.39).
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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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