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Nostrum Oil & Gas ( (GB:NOG) ) has shared an update.
Nostrum Oil & Gas has announced an adjournment of the meeting regarding its senior unsecured notes due to a lack of quorum. The company is addressing an ‘Event of Default’ after failing to pay accrued interest on its notes by the deadline. The adjourned meeting is set for October 6, 2025, as the company seeks consent from noteholders to resolve the default situation. This situation highlights the company’s current financial challenges and its efforts to engage stakeholders in resolving these issues.
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 is listed on the London Stock Exchange and primarily operates the Chinarevskoye field through its subsidiary Zhaikmunai LLP. Additionally, it holds an 80% interest in Positiv Invest LLP, managing the Kamenskoe and Kamensko-Teplovsko-Tokarevskoe areas in the West Kazakhstan region.
Average Trading Volume: 45,818
Technical Sentiment Signal: Sell
Current Market Cap: £5.82M
See more insights into NOG stock on TipRanks’ Stock Analysis page.