Nostrum Oil & Gas PLC (Nostrum) is an independent oil and gas company. 47,662,380 shares of the company were exchanged.
Last year Jersey Oil & Gas completed farm-outs at its interests at Licence P.2170 and Licence P.1989 to Statoil and Azinor, respectively. The oil and gas exploration company reported $0.13 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.16 by $0.03. The stock has a 50-day moving average of GBX 461.02 and a 200 day moving average of GBX 473.11.
The Company has 3322.33 million shares outstanding and 3264.24 million shares were floated in market. (AGI) are forecasted by the analysts to move at -$0.02 in current quarter, from -$0.03 a year-ago quarter. The company had revenue of $51.01 billion for the quarter, compared to analyst estimates of $54.70 billion. The business's quarterly revenue was down 16.3% compared to the same quarter previous year. Shareholders of record on Friday, February 17th were paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 6.97%.
A number of research analysts have issued reports on the company. The ex-dividend date was Wednesday, February 15th. Zacks Investment Research lowered shares of BP plc from a "hold" rating to a "sell" rating in a research note on Tuesday, January 17th. The one year target is $34.90 with four equity analysts rating the company a strong buy, one equity analyst rating the company a buy, six equity analysts rating the company a hold, one equity analyst rating the company a underperform, and lastly zero equity analysts rating the company a sell.
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Several other analysts have also recently commented on BP. Barclays PLC restated an overweight rating and set a GBX 625 ($7.87) price objective on shares of BP plc in a research note on Monday, December 12th.
Jefferies Group LLC reaffirmed a "hold" rating and issued a $37.50 target price on shares of BP plc in a research report on Wednesday, January 18th.
"TRADEMARK VIOLATION WARNING: "[[title]]" was published by [[site]] and is owned by of [[site]]. Finally, Deutsche Bank AG upgraded Nostrum Oil & Gas PLC to a "buy" rating and upped their price objective for the company from GBX 400 ($5.03) to GBX 535 ($6.73) in a report on Thursday, January 5th. The company presently has a consensus rating of "Buy" and an average price target of $36.54. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & worldwide trademark and copyright laws. The original version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/04/20/bp-plc-bp-earning-somewhat-positive-media-coverage-study-shows.html.
Andrew Benitz, chief executive officer at Jersey Oil & Gas, said that the Verbier prospect, which is included in the Statoil farm-out, has "significant potential". The Company is engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. Its segments include Cameroon, Russia and Kazakhstan, and Corporate.
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