Zacks Investment Research downgraded shares of NOSTRUM OIL & G/ADR (OTCMKTS:NSTRY) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday morning.
According to Zacks, “Nostrum Oil & Gas PLC is an oil and gas company. It engaged in the production, development and exploration of oil and gas primarily in the pre-Caspian Basin. The company’s principal producing asset consists of Nostrum in the Chinarevskoye field. Nostrum Oil & Gas PLC is based in Amsterdam, Netherlands. “
OTCMKTS NSTRY opened at $5.22 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 1.73 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $245.45 million, a price-to-earnings ratio of -10.03 and a beta of 2.70. NOSTRUM OIL & G/ADR has a 12-month low of $5.04 and a 12-month high of $15.34.
About NOSTRUM OIL & G/ADR
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.
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