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Nostrum Oil & Gas ( (GB:NOG) ) has issued an announcement.
Nostrum Oil & Gas Finance B.V., a subsidiary of Nostrum Oil & Gas PLC, faced an ‘Event of Default’ due to non-payment of interest on its outstanding notes by the deadline of June 30, 2025. In response, the company initiated a consent solicitation to address this default. The early consent deadline results showed that while over 75% of senior secured noteholders approved the resolution, the senior unsecured notes did not achieve the required majority, necessitating further voting. The resolution’s implementation is contingent upon approval from all note series, and ongoing participation is encouraged to resolve the interest payment delay.
The most recent analyst rating on (GB:NOG) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Nostrum Oil & Gas stock, see the GB:NOG Stock Forecast page.
Spark’s Take on GB:NOG Stock
According to Spark, TipRanks’ AI Analyst, GB:NOG is a Neutral.
Nostrum Oil & Gas’s overall stock score is primarily impacted by its financial performance, which is weak due to profitability and cash flow challenges. Technical analysis provides mixed signals, with no strong momentum in either direction. Valuation is unattractive due to a negative P/E ratio and lack of dividend yield. The absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:NOG stock, click here.
More about Nostrum Oil & Gas
Nostrum Oil & Gas PLC is an independent energy company with significant gas processing facilities and an export hub located in north-west Kazakhstan. The company’s primary asset is the Chinarevskoye field, operated by its subsidiary Zhaikmunai LLP, which holds exclusive rights to develop the field. Nostrum also holds an 80% interest in Positiv Invest LLP, which manages the Kamenskoe and Kamensko-Teplovsko-Tokarevskoe areas in West Kazakhstan.
Average Trading Volume: 48,996
Technical Sentiment Signal: Sell
Current Market Cap: £5.77M
For an in-depth examination of NOG stock, go to TipRanks’ Overview page.