Deutsche Bank Cuts Nostrum Oil & Gas (NOG) Price Target to GBX 350

Nostrum Oil & Gas (LON:NOG) had its price objective lowered by investment analysts at Deutsche Bank from GBX 385 ($5.41) to GBX 350 ($4.92) in a research report issued to clients and investors on Wednesday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 12.00% from the stock’s current price.

A number of other equities research analysts have also weighed in on NOG. Peel Hunt reiterated a “buy” rating and set a GBX 650 ($9.13) target price on shares of Nostrum Oil & Gas in a research note on Wednesday, October 18th. Numis Securities decreased their target price on shares of Nostrum Oil & Gas from GBX 600 ($8.43) to GBX 560 ($7.86) and set a “buy” rating for the company in a research note on Thursday, October 19th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a GBX 450 ($6.32) target price on shares of Nostrum Oil & Gas in a research note on Friday, November 3rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of GBX 470 ($6.60).

Shares of Nostrum Oil & Gas (LON NOG) opened at GBX 312.50 ($4.39) on Wednesday. The firm has a market cap of $574.74 and a price-to-earnings ratio of -3,125.00. Nostrum Oil & Gas has a 12 month low of GBX 298.40 ($4.19) and a 12 month high of GBX 535 ($7.51).

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About Nostrum Oil & Gas

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 (LON:NOG)

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