Follow The Ratings: Analysts at Numis Reiterate their Buy rating for Nostrum Oil Gas Plc (LON:NOG) with GBX 600.00 Price Objective

November 23, 2016 - By Louis Casey

Nostrum Oil Gas Plc (LON:NOG) Rating

Numis currently has a GBX 600.00 price target on the 785.41M GBP market cap company or 39.29% upside potential. In a research report sent to investors and clients on 23 November, Nostrum Oil Gas Plc (LON:NOG) stock had its Buy Rating reiterated by equity research analysts at Numis.

Nostrum Oil & Gas PLC (LON:NOG) Ratings Coverage

Out of 5 analysts covering Nostrum Oil Gas Plc (LON:NOG), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. GBX 855 is the highest target while GBX 300 is the lowest. The GBX 447.40 average target is 4.05% above today’s (GBX 430) stock price. Nostrum Oil Gas Plc has been the topic of 26 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the shares of NOG in a report on Friday, August 26 with “Hold” rating. The firm earned “Hold” rating on Tuesday, May 31 by Deutsche Bank. The firm earned “Buy” rating on Wednesday, October 26 by Numis Securities. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, August 26 report. The company was maintained on Tuesday, July 28 by Numis Securities. Deutsche Bank maintained the shares of NOG in a report on Thursday, May 26 with “Hold” rating. Citigroup maintained the stock with “Neutral” rating in Tuesday, May 31 report. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, August 12. Numis Securities maintained Nostrum Oil & Gas PLC (LON:NOG) on Wednesday, July 27 with “Buy” rating. The firm has “Buy” rating by Numis Securities given on Wednesday, April 13.

It is down 55.23% since April 25, 2016 and is uptrending. It has outperformed by 49.91% the S&P500.

Nostrum Oil & Gas PLC is an independent gas and oil company. The company has a market cap of 785.41 million GBP. The Firm is engaged in the production, development and exploration of gas and oil in the pre-Caspian Basin. It currently has negative earnings. The Company’s range of products includes crude oil, stabilized liquid condensate, liquefied petroleum gas (LPG) and dry gas.

According to Zacks Investment Research, “NORTHRN OIL & GAS, Inc. is an exploration and production company based in Wayzata, Minnesota. Northern Oil’s core area of focus is the Williston Basin, specifically the Mountrail County, North Dakota area Bakken Play. Northern Oil’s secondary objective is conventional, 3D driven, oil and gas exploration and development throughout the Rocky Mountain region.”

NOG Company Profile

Northern Oil and Gas, Inc., incorporated on October 5, 2006, is an independent energy company. The Firm is engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. The Firm holds working interests in over 2,630 gross (204.3 net) producing wells, including over 2,630 wells targeting the Bakken and Three Forks formations and over two wells targeting other formations.

More important recent Nostrum Oil & Gas PLC (LON:NOG) news were published by: Fool.Co.Uk which released: “Should You Buy Genel Energy PLC, Nostrum Oil & Gas PLC & Acacia Mining PLC …” on January 22, 2016, also Fool.Co.Uk published article titled: “Are BP plc, Nostrum Oil & Gas PLC And Hunting plc ‘Screaming Buys’?”, Fool.Co.Uk published: “Is Now The Time To Buy Lonmin Plc, Nostrum Oil & Gas PLC & Premier Oil PLC?” on March 30, 2016. More interesting news about Nostrum Oil & Gas PLC (LON:NOG) was released by: Fool.Co.Uk and their article: “Are Premier Oil plc, Nostrum Oil & Gas plc and Soco International plc set to …” with publication date: May 05, 2016.

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