Nostrum Oil & Gas’ (NOG) Buy Rating Reaffirmed at Peel Hunt
Nostrum Oil & Gas (LON:NOG)‘s stock had its “buy” rating reiterated by investment analysts at Peel Hunt in a report released on Friday. They presently have a GBX 510 ($7.15) target price on the stock. Peel Hunt’s target price would suggest a potential upside of 102.38% from the stock’s current price.
NOG has been the subject of several other reports. Credit Suisse Group reissued an “outperform” rating and set a GBX 450 ($6.31) price target on shares of Nostrum Oil & Gas in a report on Friday, November 3rd. Deutsche Bank cut their price target on shares of Nostrum Oil & Gas from GBX 385 ($5.40) to GBX 350 ($4.91) and set a “hold” rating for the company in a report on Wednesday, January 31st. Finally, Numis Securities cut their price target on shares of Nostrum Oil & Gas from GBX 600 ($8.41) to GBX 560 ($7.85) and set a “buy” rating for the company in a report on Thursday, October 19th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 470 ($6.59).
Nostrum Oil & Gas (LON NOG) opened at GBX 252 ($3.53) on Friday. The stock has a market cap of $473.17 and a PE ratio of -2,520.00. Nostrum Oil & Gas has a 1-year low of GBX 249.50 ($3.50) and a 1-year high of GBX 535 ($7.50).
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.
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