Nostrum Oil & Gas PLC (LON:NOG) Given Average Rating of “Buy” by Analysts
Shares of Nostrum Oil & Gas PLC (LON:NOG) have received an average rating of “Buy” from the six research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 583 ($7.59).
Several research firms have recently commented on NOG. Peel Hunt lowered their price target on shares of Nostrum Oil & Gas PLC from GBX 700 ($9.12) to GBX 630 ($8.20) and set a “buy” rating on the stock in a research report on Friday, July 21st. Deutsche Bank AG lowered shares of Nostrum Oil & Gas PLC to a “hold” rating and lowered their price target for the company from GBX 600 ($7.81) to GBX 540 ($7.03) in a research report on Thursday, July 6th. Credit Suisse Group increased their price target on shares of Nostrum Oil & Gas PLC from GBX 535 ($6.97) to GBX 545 ($7.10) and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 600 ($7.81) price target on shares of Nostrum Oil & Gas PLC in a research report on Monday, April 10th.
Nostrum Oil & Gas PLC (LON NOG) opened at 415.20 on Tuesday. The stock’s market capitalization is GBX 769.09 million. The firm has a 50-day moving average of GBX 446.27 and a 200-day moving average of GBX 468.56. Nostrum Oil & Gas PLC has a 1-year low of GBX 255.00 and a 1-year high of GBX 535.00.
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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