What Next for Nostrum Oil & Gas PLC Stock After Reaching 52-Week High?

 What Next for Nostrum Oil & Gas PLC Stock After Reaching 52 Week High?

The stock of Nostrum Oil & Gas PLC (LON:NOG) hit a new 52-week high and has GBX 455.80 target or 6.00% above today’s GBX 430.00 share price. The 7 months bullish chart indicates low risk for the GBX 785.41 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the GBX 455.80 price target is reached, the company will be worth GBX 47.12M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock closed at GBX 430 during the last session. It is down 55.23% since April 25, 2016 and is uptrending. It has outperformed by 49.91% the S&P500.

Nostrum Oil & Gas PLC (LON:NOG) Ratings Coverage

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. GBX 855 is the highest target while GBX 300 is the lowest. The GBX 447.40 average target is 4.05% above today’s (GBX 430) stock price. Nostrum Oil Gas Plc has been the topic of 27 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Numis Securities given on Tuesday, July 28. As per Wednesday, November 18, the company rating was maintained by Numis Securities. The stock of Nostrum Oil & Gas PLC (LON:NOG) has “Buy” rating given on Wednesday, October 26 by Numis Securities. Deutsche Bank maintained it with “Hold” rating and GBX 360 target price in Friday, August 26 report. The firm has “Hold” rating given on Thursday, July 28 by Deutsche Bank. Numis Securities maintained the shares of NOG in a report on Wednesday, November 23 with “Buy” rating. The firm has “Hold” rating by Deutsche Bank given on Wednesday, November 25. The stock has “Buy” rating given by Deutsche Bank on Wednesday, July 29. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, August 26 report. The firm earned “Buy” rating on Thursday, August 27 by Numis Securities.

More important recent Nostrum Oil & Gas PLC (LON:NOG) news were published by: Fool.Co.Uk which released: “Should You Buy Genel Energy PLC, Nostrum Oil & Gas PLC & Acacia Mining PLC …” on January 22, 2016, also Fool.Co.Uk published article titled: “Are BP plc, Nostrum Oil & Gas PLC And Hunting plc ‘Screaming Buys’?”, Fool.Co.Uk published: “Is Now The Time To Buy Lonmin Plc, Nostrum Oil & Gas PLC & Premier Oil PLC?” on March 30, 2016. More interesting news about Nostrum Oil & Gas PLC (LON:NOG) was released by: Fool.Co.Uk and their article: “Are Premier Oil plc, Nostrum Oil & Gas plc and Soco International plc set to …” with publication date: May 05, 2016.

Nostrum Oil & Gas PLC is an independent gas and oil company. The company has a market cap of 785.41 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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