Nostrum Oil & Gas Faces Shareholder Pushback at AGM

Nostrum Oil & Gas ( (GB:NOG) ) just unveiled an announcement.

Nostrum Oil & Gas PLC announced the results of its Annual General Meeting, revealing that several key resolutions, including the approval of the Directors’ Remuneration Report and the reappointment of certain directors, were not passed by shareholders. The company plans to engage with shareholders to understand their concerns and will provide an update within six months. Additionally, Nostrum has begun discussions with principal investors regarding the maturity of its Senior Secured and Unsecured Notes due in June 2026.

The most recent analyst rating on (GB:NOG) stock is a Buy with a £13.00 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 impacted by significant financial challenges, including negative profitability and high leverage. However, positive corporate events and strategic developments offer some long-term potential, though current technical indicators suggest caution.

To see Spark’s full report on GB:NOG stock, click here.

More about Nostrum Oil & Gas

Nostrum Oil & Gas PLC is an independent mixed-asset energy company with world-class 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. Nostrum also holds an 80% interest in Positiv Invest LLP, which manages the Kamenskoe and Kamensko-Teplovsko-Tokarevskoe areas in the West Kazakhstan region.

Average Trading Volume: 122,506

Technical Sentiment Signal: Strong Sell

Current Market Cap: £5.61M

For an in-depth examination of NOG stock, go to TipRanks’ Overview page.