Nostrum Oil & Gas PLC Can’t Burn Your Short Portfolio. Has Another Weak Session


The stock of Nostrum Oil & Gas PLC (LON:NOG) is a huge mover today! The stock decreased 4.20% or GBX 11.79 on September 13, hitting GBX 268.71. About 70,666 shares traded hands. Nostrum Oil & Gas PLC (LON:NOG) has declined 2.80% since February 12, 2016 and is downtrending. It has underperformed by 19.29% the S&P500.
The move comes after 5 months negative chart setup for the GBX 494.01M company. It was reported on Sep, 14 by We have GBX 233.78 PT which if reached, will make LON:NOG worth GBX 64.22 million less.

Out of 5 analysts covering Nostrum Oil Gas Plc (LON:NOG), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Nostrum Oil Gas Plc has been the topic of 20 analyst reports since September 23, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock on August 31 with “Hold” rating.

Nostrum Oil & Gas PLC is an independent gas and oil company. The company has a market cap of 494.01 million GBP. The Firm is engaged in the production, development and exploration of gas and oil in the pre-Caspian Basin. It currently has negative earnings. The Company’s range of products includes crude oil, stabilized liquid condensate, liquefied petroleum gas (LPG) and dry gas.

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