Nostrum Oil & Gas (LON:NOG)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a research report issued to clients and investors on Friday. They currently have a GBX 640 ($8.68) price target on the stock. Peel Hunt’s target price would indicate a potential upside of 91.04% from the stock’s previous close.
A number of other research firms also recently issued reports on NOG. Numis Securities dropped their price target on Nostrum Oil & Gas from GBX 600 ($8.14) to GBX 560 ($7.59) and set a “buy” rating on the stock in a research report on Thursday, October 19th. Credit Suisse Group reissued an “outperform” rating and set a GBX 450 ($6.10) price target on shares of Nostrum Oil & Gas in a research report on Thursday, December 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Nostrum Oil & Gas currently has a consensus rating of “Buy” and an average price target of GBX 536 ($7.27).
Nostrum Oil & Gas (LON:NOG) traded down GBX 3.50 ($0.05) on Friday, hitting GBX 335 ($4.54). Nostrum Oil & Gas has a 1-year low of GBX 298.40 ($4.05) and a 1-year high of GBX 535 ($7.26). The stock has a market cap of $627.41 and a PE ratio of -3,350.00.
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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