Nostrum Oil & Gas (LON:NOG) Stock Crosses Above 50-Day Moving Average – What’s Next?

Nostrum Oil & Gas PLC (LON:NOG) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 3.58 and traded as high as GBX 3.90. Nostrum Oil & Gas shares last traded at GBX 3.90, with a volume of 415 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “hold” rating and issued a GBX 4 price target on shares of Nostrum Oil & Gas in a research note on Monday, September 1st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 4.

Nostrum Oil & Gas Trading Up 8.9%

The firm’s 50-day simple moving average is GBX 3.58 and its 200 day simple moving average is GBX 3.53. The company has a debt-to-equity ratio of -384.25, a current ratio of 3.35 and a quick ratio of 0.17. The firm has a market capitalization of £6.43 million, a price-to-earnings ratio of -0.03, a P/E/G ratio of -0.07 and a beta of 1.33.

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.