Nostrum Oil & Gas (LON:NOG)‘s stock had its “outperform” rating reissued by equities research analysts at Credit Suisse Group in a research report issued to clients and investors on Thursday. They presently have a GBX 450 ($6.06) price objective on the stock. Credit Suisse Group’s target price points to a potential upside of 32.67% from the company’s previous close.
Several other research analysts have also recently issued reports on NOG. Peel Hunt raised their target price on Nostrum Oil & Gas from GBX 630 ($8.48) to GBX 650 ($8.75) and gave the stock a “buy” rating in a research report on Monday, October 2nd. Numis Securities dropped their target price on Nostrum Oil & Gas from GBX 560 ($7.54) to GBX 540 ($7.27) and set a “buy” rating on the stock in a research report on Tuesday, October 31st. Finally, Deutsche Bank dropped their target price on Nostrum Oil & Gas from GBX 540 ($7.27) to GBX 450 ($6.06) and set a “hold” rating on the stock in a research report on Wednesday, August 30th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of GBX 528 ($7.11).
Shares of Nostrum Oil & Gas (LON:NOG) opened at GBX 339.20 ($4.57) on Thursday. Nostrum Oil & Gas has a 12-month low of GBX 326.20 ($4.39) and a 12-month high of GBX 535 ($7.20).
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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