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

Nostrum Oil & Gas (LON:NOG)‘s stock had its “speculative buy” rating restated by research analysts at Canaccord Genuity Group in a report issued on Tuesday, Marketbeat.com reports. They presently have a GBX 14 ($0.18) target price on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 149.55% from the stock’s previous close.

Nostrum Oil & Gas Price Performance

NOG opened at GBX 5.61 ($0.07) on Tuesday. The firm has a market cap of £948,651.00, a price-to-earnings ratio of 0.15, a price-to-earnings-growth ratio of -0.07 and a beta of 1.39. Nostrum Oil & Gas has a fifty-two week low of GBX 5 ($0.06) and a fifty-two week high of GBX 14.50 ($0.18). The company’s 50-day moving average price is GBX 6.09 and its 200 day moving average price is GBX 8.62. The company has a quick ratio of 0.17, a current ratio of 4.18 and a debt-to-equity ratio of 200.65.

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.