Peel Hunt Reiterates Buy Rating for Nostrum Oil & Gas (NOG)

Nostrum Oil & Gas (LON:NOG)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a report issued on Monday. They presently have a GBX 510 ($7.05) price target on the stock. Peel Hunt’s price target indicates a potential upside of 86.47% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. Deutsche Bank dropped their price target on shares of Nostrum Oil & Gas from GBX 385 ($5.32) to GBX 350 ($4.84) and set a “hold” rating for the company in a research note on Wednesday, January 31st. Numis Securities restated a “buy” rating and issued a GBX 440 ($6.08) price objective on shares of Nostrum Oil & Gas in a report on Tuesday, January 30th. Finally, Credit Suisse Group restated an “outperform” rating and issued a GBX 450 ($6.22) price objective on shares of Nostrum Oil & Gas in a report on Thursday, December 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of GBX 470 ($6.49).

Shares of Nostrum Oil & Gas (LON NOG) opened at GBX 273.50 ($3.78) on Monday. Nostrum Oil & Gas has a one year low of GBX 244 ($3.37) and a one year high of GBX 535 ($7.39). The firm has a market cap of $491.70 and a P/E ratio of -2,735.00.

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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.

Analyst Recommendations for Nostrum Oil & Gas (LON:NOG)

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