Nostrum Oil & Gas (LON:NOG) Earns Outperform Rating from Credit Suisse Group

Nostrum Oil & Gas (LON:NOG)‘s stock had its “outperform” rating reaffirmed by investment analysts at Credit Suisse Group in a report released on Thursday, December 7th. They presently have a GBX 450 ($6.02) price target on the stock. Credit Suisse Group’s price target indicates a potential upside of 38.04% from the company’s current price.

NOG has been the subject of a number of other reports. Peel Hunt reiterated a “buy” rating and set a GBX 600 ($8.02) price objective (down from GBX 635 ($8.49)) on shares of Nostrum Oil & Gas in a research note on Friday, November 17th. Numis Securities cut their price objective on Nostrum Oil & Gas from GBX 600 ($8.02) to GBX 560 ($7.49) and set a “buy” rating for the company in a research note on Thursday, October 19th. Finally, Deutsche Bank cut their price objective on Nostrum Oil & Gas from GBX 540 ($7.22) to GBX 450 ($6.02) and set a “hold” rating for the company in a research note on Wednesday, August 30th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Nostrum Oil & Gas presently has a consensus rating of “Buy” and a consensus target price of GBX 528 ($7.06).

Shares of Nostrum Oil & Gas (LON:NOG) traded up GBX 1.25 ($0.02) during trading hours on Thursday, hitting GBX 326 ($4.36). The company had a trading volume of 210,051 shares, compared to its average volume of 375,256. The company has a market cap of $611.33 and a P/E ratio of -2,963.64. Nostrum Oil & Gas has a 52 week low of GBX 298.40 ($3.99) and a 52 week high of GBX 535 ($7.15).

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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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