Nostrum Oil & Gas PLC’s (NOG) “Buy” Rating Reaffirmed at Numis Securities Ltd
Numis Securities Ltd reissued their buy rating on shares of Nostrum Oil & Gas PLC (LON:NOG) in a research note issued to investors on Wednesday morning. The firm currently has a GBX 600 ($7.50) price objective on the stock.
Several other research firms have also weighed in on NOG. Credit Suisse Group AG reiterated an outperform rating and issued a GBX 450 ($5.62) price objective on shares of Nostrum Oil & Gas PLC in a research note on Thursday, July 28th. Deutsche Bank AG restated a hold rating and set a GBX 360 ($4.50) price target on shares of Nostrum Oil & Gas PLC in a research note on Thursday, July 28th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 462.43 ($5.78).
Shares of Nostrum Oil & Gas PLC (LON:NOG) traded up 0.12% during midday trading on Wednesday, hitting GBX 429.75. 29,059 shares of the stock were exchanged. Nostrum Oil & Gas PLC has a 12-month low of GBX 203.00 and a 12-month high of GBX 445.75. The firm’s market cap is GBX 794.30 million. The stock’s 50 day moving average is GBX 349.47 and its 200 day moving average is GBX 310.01.
Nostrum Oil & Gas PLC 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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