Canaccord Genuity Group Reaffirms Hold Rating for Nostrum Oil & Gas (LON:NOG)

Nostrum Oil & Gas (LON:NOG)‘s stock had its “hold” rating reissued by equities research analysts at Canaccord Genuity Group in a report released on Wednesday, MarketBeat.com reports. They presently have a GBX 6 ($0.08) price target on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 49.25% from the company’s previous close.

Nostrum Oil & Gas Stock Performance

Nostrum Oil & Gas stock opened at GBX 4.02 ($0.05) on Wednesday. The company has a current ratio of 3.35, a quick ratio of 0.17 and a debt-to-equity ratio of -384.25. The firm has a market cap of £10.59 million, a P/E ratio of -0.14, a P/E/G ratio of -0.07 and a beta of 1.33. Nostrum Oil & Gas has a 1-year low of GBX 2.40 ($0.03) and a 1-year high of GBX 6.30 ($0.08). The firm has a 50-day moving average of GBX 3.46 and a 200-day moving average of GBX 3.39.

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.