Nostrum Oil Gas Plc (LON:NOG) Rating Reaffirmed
London: In analysts note revealed to investors and clients on 27 November, Panmure Gordon has restated their “Buy” rating on Nostrum Oil Gas Plc (LON:NOG) shares. They now have a GBX 550.00 Estimated Target Price on the firm. Panmure Gordon’s target provides a potential upside of 50.66% from the company’s last stock price.
From a total of 4 analysts covering Nostrum Oil Gas Plc (LON:NOG) stock, 2 rate it a ”Buy”, 1 a “Sell”, and 1 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is GBX 855 while the lowest target price is GBX 300. The mean of all analyst targets is GBX 563.75 with a 54.88% above today’s (GBX 364) stock price. Nostrum Oil Gas Plc was the topic of 11 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Panmure Gordon maintained shares on November 25 with “Buy” rating. Numis Securities maintained NOG stock in a recent report from November 18 with “Buy” rating.
Approximately 1,267 shares of stock traded hands. Nostrum Oil & Gas PLC (LON:NOG) has declined 40.75% since April 30, 2015 and is downtrending. It has underperformed by 39.39% the S&P500.
Nostrum Oil & Gas PLC is an independent gas and oil company. The company has a market cap of 676.07 million GBP. The Firm is engaged in the production, development and exploration of gas and oil in the pre-Caspian Basin. It has 14.53 P/E ratio. The Company’s range of products includes crude oil, stabilized liquid condensate, liquefied petroleum gas (LPG) and dry gas.
According to Zacks Investment Research, “NORTHRN OIL & GAS, Inc. is an exploration and production company based in Wayzata, Minnesota. Northern Oil’s core area of focus is the Williston Basin, specifically the Mountrail County, North Dakota area Bakken Play. Northern Oil’s secondary objective is conventional, 3D driven, oil and gas exploration and development throughout the Rocky Mountain region.” Get a free copy of the Zacks research report on Nostrum Oil & Gas PLC (NOG)