Nostrum Oil & Gas (LON:NOG) PT Lowered to GBX 21

Nostrum Oil & Gas (LON:NOG) had its price objective decreased by equities research analysts at Canaccord Genuity Group from GBX 24 ($0.30) to GBX 21 ($0.26) in a research report issued on Tuesday, Digital Look reports. The brokerage currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 106.90% from the stock’s previous close.

Nostrum Oil & Gas Stock Performance

Shares of NOG traded down GBX 1.05 ($0.01) during trading hours on Tuesday, hitting GBX 10.15 ($0.13). The stock had a trading volume of 608,821 shares, compared to its average volume of 143,032. The firm has a market capitalization of £1.72 million, a PE ratio of 0.27, a PEG ratio of -0.07 and a beta of 1.72. The company has a debt-to-equity ratio of 200.65, a current ratio of 5.45 and a quick ratio of 0.17. Nostrum Oil & Gas has a 12 month low of GBX 7.50 ($0.09) and a 12 month high of GBX 37.50 ($0.47). The stock has a fifty day moving average price of GBX 12.56 and a 200 day moving average price of GBX 11.10.

Nostrum Oil & Gas Company Profile

Nostrum Oil & Gas PLC, an independent oil and gas company, engages in the exploration, development, and production of oil and gas in the pre-Caspian Basin. The company discovers and develops oil and gas reserves, as well as produces and sells crude oil, stabilized condensate, liquefied petroleum gas, and dry gas.