Canaccord Genuity Group Reiterates Speculative Buy Rating for Nostrum Oil & Gas (LON:NOG)

Nostrum Oil & Gas (LON:NOG)‘s stock had its “speculative buy” rating reaffirmed by investment analysts at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday, Digital Look reports. They presently have a GBX 14 ($0.18) price objective on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 125.81% from the stock’s current price.

Nostrum Oil & Gas Stock Performance

LON NOG traded up GBX 0.56 ($0.01) during trading on Tuesday, reaching GBX 6.20 ($0.08). The company’s stock had a trading volume of 50 shares, compared to its average volume of 49,377. The firm has a 50 day moving average price of GBX 6.13 and a 200 day moving average price of GBX 8.70. Nostrum Oil & Gas has a 12 month low of GBX 5 ($0.06) and a 12 month high of GBX 14.50 ($0.18). The firm has a market capitalization of £1.05 million, a price-to-earnings ratio of 0.17, a price-to-earnings-growth ratio of -0.07 and a beta of 1.39. The company has a current ratio of 4.18, a quick ratio of 0.17 and a debt-to-equity ratio of 200.65.

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.