31 Jan 2017 17:03
(ShareCast News) - Deutsche Bank has upgraded Nostrum Oil and Gas to 'buy' from 'hold' and upped its price target to 535p from 400p. The company's recent inclusion in the FTSE 250 index provides a unique opportunity for investors to gain direct exposure to the Kazakhstan oil sector, the bank said.
Read more(ShareCast News) - Nostrum Oil & Gas' revenue declined as it hedged prices to mitigate against the falling price of oil. Currently Brent crude and West Texas Intermediate prices are hovering around $48 per barrel as OPEC members consider a cap on production. For the nine months ended 30 September,
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