Panmure Gordon Announced Nostrum Oil Gas Plc (LON:NOG), Keeping Its Stock Price Target At 600.00GBX today

Nostrum Oil says GTU3 delays will hurt annual production in 2017, 2018

In a report released on Monday April 10, 2017 Panmure Gordon hold steady the stock price target of Nostrum Oil Gas Plc (LON:NOG) from 600.00GBX to 600.00GBX reporting a possible upside of 0.27%.

Previously on 3/29/2017, Credit Suisse reported on Nostrum Oil Gas Plc (LON:NOG) increased the target price from 440.00GBX to 535.00GBX. At the time, this indicated a possible upside of 0.13%.

Just yesterday Nostrum Oil Gas Plc (LON:NOG) traded 0.91% higher at 471.90GBX. Nostrum Oil Gas Plc’s 50-day moving average is 473.80GBX and its 200-day moving average is 416.22GBX. The last closing price is up 13.95% from the 200-day moving average, compared to the Standard & Poor’s 500 Index which has increased 0.03% over the same time period. 2,356 shares of NOG traded hands, down from an average trading volume of 70,684

Nostrum Oil Gas Plc has 52 week low of 211.00GBX and a 52 week high of 525.00GBX and has a market capitalization of 0 GBX.

In addition to Panmure Gordon reporting its stock price target, a total of 11 brokers have issued a research note on the company. The average stock price target is 6.49GBX with 2 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Nostrum Oil Gas Plc (LON:NOG)

Nostrum Oil & Gas PLC (Nostrum) is an independent oil and gas company. The Company is engaged in the production, development and exploration of oil and gas in the pre-Caspian Basin. The Company’s range of products includes crude oil, stabilized liquid condensate, liquefied petroleum gas (LPG) and dry gas. It has invested in developing its own infrastructure to control the transportation of its products to serves a network of destinations and off-takers. The operational facilities of Nostrum Oil & Gas are located in Chinarevskoye field. The Company has three fields in north-western Kazakhstan that offers direct operational synergies, such as the Rostoshinskoye field, the Darzhinskoye field, and the Yuzhno-Gremyachenskoye field. Nostrum indirectly holds a 100% interest in Zhaikmunai LLP, which is engaged in the exploration, production and sale of hydrocarbons from the Chinarevskoye field in north-west Kazakhstan.

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