Nostrum Oil & Gas (NOG) Hits New 12-Month Low at $269.50
Nostrum Oil & Gas PLC (LON:NOG) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 269.50 ($3.78) and last traded at GBX 285.50 ($4.00), with a volume of 1199410 shares trading hands. The stock had previously closed at GBX 285.50 ($4.00).
A number of research analysts recently issued reports on the stock. Peel Hunt dropped their target price on shares of Nostrum Oil & Gas from GBX 640 ($8.97) to GBX 510 ($7.15) and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Numis Securities lowered their price objective on shares of Nostrum Oil & Gas from GBX 560 ($7.85) to GBX 540 ($7.57) and set a “buy” rating on the stock in a report on Tuesday, October 31st. Credit Suisse Group restated an “outperform” rating and set a GBX 450 ($6.31) price objective on shares of Nostrum Oil & Gas in a report on Thursday, December 7th. Finally, Deutsche Bank lowered their price objective on shares of Nostrum Oil & Gas from GBX 385 ($5.40) to GBX 350 ($4.91) and set a “hold” rating on the stock in a report on Wednesday, January 31st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 470 ($6.59).
The firm has a market cap of $504.87 and a price-to-earnings ratio of -2,620.00.
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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