Nostrum Oil & Gas (LON:NOG) Trading 1.1% Higher – Should You Buy?

Nostrum Oil & Gas PLC (LON:NOG) shot up 1.1% during trading on Thursday . The company traded as high as GBX 3.90 and last traded at GBX 3.60. 426,950 shares changed hands during mid-day trading, an increase of 450% from the average session volume of 77,681 shares. The stock had previously closed at GBX 3.56.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “hold” rating and issued a GBX 4 price target on shares of Nostrum Oil & Gas in a research report on Monday, September 1st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Nostrum Oil & Gas has a consensus rating of “Hold” and a consensus price target of GBX 4.

Nostrum Oil & Gas Stock Performance

The firm’s 50-day moving average is GBX 3.59 and its 200 day moving average is GBX 3.49. The stock has a market cap of £6.76 million, a PE ratio of -0.02, a P/E/G ratio of -0.07 and a beta of 1.33. The company has a debt-to-equity ratio of -384.25, a quick ratio of 0.17 and a current ratio of 3.35.

About Nostrum Oil & Gas

Nostrum Oil & Gas PLC, an independent oil and gas company, engages in the exploration, development, and production of oil and gas in the pre-Caspian Basin. The company discovers and develops oil and gas reserves, as well as produces and sells crude oil, stabilized condensate, liquefied petroleum gas, and dry gas. Its principal producing asset is 100% owned Chinarevskoye field located in North-western Kazakhstan. Nostrum Oil & Gas PLC was founded in 1997 and is based in London, the United Kingdom.