Nostrum Oil Gas Plc (LON:NOG) Rating Reaffirmed
Research professionals at Panmure Gordon now has a GBX 550.00 price target on Nostrum Oil Gas Plc (LON:NOG). Panmure Gordon and their recent price target would suggest a potential upside of 46.90% from the company’s closing share price. The rating has been disclosed to clients in an interesting research report on Monday morning.
From a total of 9 analysts covering Nostrum Oil Gas Plc (LON:NOG) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 56% of the ratings are positive. The highest target price is GBX 12.95 while the lowest target price is GBX 4.54. The mean of all analyst targets is GBX 8.88 with a 50.33% above today’s (GBX 375) stock price. Nostrum Oil Gas Plc was the topic of 12 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Panmure Gordon maintained shares on November 27 with “Buy” rating. Numis Securities maintained NOG stock in a recent report from November 18 with “Buy” rating.
Approximately 6,686 shares of stock traded hands. Nostrum Oil & Gas PLC (LON:NOG) has declined 36.24% since May 8, 2015 and is downtrending. It has underperformed by 35.17% the S&P500.
Nostrum Oil & Gas PLC is an independent gas and oil company. The company has a market cap of 689.32 million GBP. The Firm is engaged in the production, development and exploration of gas and oil in the pre-Caspian Basin. It has 48.29 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).