Nostrum Oil & Gas (LON:NOG) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Nostrum Oil & Gas (LON:NOG) in a research note released on Friday, Marketbeat reports. The firm currently has a GBX 8 ($0.10) price objective on the stock.

Nostrum Oil & Gas Trading Down 14.8 %

NOG opened at GBX 2.60 ($0.03) on Friday. Nostrum Oil & Gas has a 1-year low of GBX 2.40 ($0.03) and a 1-year high of GBX 9 ($0.11). The firm has a 50-day moving average price of GBX 3.16 and a two-hundred day moving average price of GBX 3.95. The stock has a market capitalization of £4.40 million, a PE ratio of -0.61, a PEG ratio of -0.07 and a beta of 1.33. The company has a current ratio of 4.86, 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.