Canaccord Genuity Group Reaffirms “Buy” Rating for Nostrum Oil & Gas (LON:NOG)

Nostrum Oil & Gas (LON:NOG)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity Group in a research report issued on Friday, Marketbeat reports. They currently have a GBX 8 ($0.10) price target on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 207.69% from the company’s previous close.

Nostrum Oil & Gas Stock Performance

LON NOG opened at GBX 2.60 ($0.03) on Friday. Nostrum Oil & Gas has a fifty-two week low of GBX 2.40 ($0.03) and a fifty-two week high of GBX 9 ($0.11). The company has a debt-to-equity ratio of 200.65, a quick ratio of 0.17 and a current ratio of 4.86. The firm has a market capitalization of £4.40 million, a P/E ratio of -0.61, a PEG ratio of -0.07 and a beta of 1.33. The stock has a 50-day simple moving average of GBX 3.16 and a two-hundred day simple moving average of GBX 3.95.

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.