Nostrum Oil & Gas’ (NOG) Buy Rating Reaffirmed at Canaccord Genuity Group

Nostrum Oil & Gas (LON:NOG)‘s stock had its “buy” rating restated by Canaccord Genuity Group in a research report issued on Friday,Digital Look reports. They presently have a GBX 8 ($0.10) price objective on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 167.56% from the company’s previous close.

Nostrum Oil & Gas Stock Performance

LON NOG opened at GBX 2.99 ($0.04) on Friday. 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 has a twelve month low of GBX 2.40 ($0.03) and a twelve month high of GBX 9 ($0.11). The stock has a 50-day moving average of GBX 3.23 and a 200 day moving average of GBX 3.97. The stock has a market capitalization of £5.06 million, a price-to-earnings ratio of -0.70, a PEG ratio of -0.07 and a beta of 1.33.

About Nostrum Oil & Gas

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.