Nostrum Oil & Gas (LON:NOG) Receives Buy Rating from Canaccord Genuity Group

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

Nostrum Oil & Gas Trading Down 14.8 %

LON NOG opened at GBX 2.60 ($0.03) on Friday. The company has a market capitalization of £4.40 million, a price-to-earnings ratio of -0.61, a price-to-earnings-growth ratio of -0.07 and a beta of 1.33. The company has a debt-to-equity ratio of 200.65, a current ratio of 4.86 and a quick ratio of 0.17. Nostrum Oil & Gas has a 12 month low of GBX 2.40 ($0.03) and a 12 month high of GBX 9 ($0.11). The company’s fifty day moving average price is GBX 3.16 and its two-hundred day moving average price is GBX 3.95.

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.