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Nostrum Oil & Gas
(LSE:NOG)
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Rating:40Underperform
Price Target:
0.71 p
â–Ľ(-4.93% Downside)
Action:Downgraded
Date:08/26/26
The score is driven primarily by fragile financials (large losses, negative equity, and high leverage) and very weak technicals (deep downtrend with negative momentum). Valuation provides limited support due to negative earnings, while corporate events are mixed—liquidity/creditor progress is outweighed by the planned asset sale and wind-down that likely limits upside for shareholders.
Positive Factors
Improved operating performance
Higher revenue and EBITDA indicate improved operating economics, supported by stronger prices, better export mix and increased feedstock. If sustained, these factors can strengthen the operating base and improve the company’s ability to fund obligations.
Negative Factors
Asset sale and planned wind-down limit shareholder upside
The proposed disposal removes the company’s core operating assets and directs proceeds primarily to creditors before a wind-down. This structurally limits future operating earnings and leaves ordinary shareholders with minimal residual value potential.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved operating performance
Higher revenue and EBITDA indicate improved operating economics, supported by stronger prices, better export mix and increased feedstock. If sustained, these factors can strengthen the operating base and improve the company’s ability to fund obligations.
Read all positive factors
Nostrum Oil & Gas (NOG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
ÂŁ1.15M
Dividend Yield3.29%
Average Volume (3M)201.67K
Price to Earnings (P/E)―
Beta (1Y)-0.18
Revenue Growth-10.13%
EPS Growth-390.01%
CountryUK
Employees595
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-1.33
Shares Outstanding165,244,980
10 Day Avg. Volume210,279
30 Day Avg. Volume201,668
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.03
Price to Sales (P/S)0.07
P/FCF Ratio-2.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.48
Revenue Forecast (FY)ÂŁ116.62M
Nostrum Oil & Gas Business Overview & Revenue Model
Company Description
Nostrum Oil & Gas PLC operates as an independent entity, specializing in the upstream sector of the oil and gas industry. The company is actively involved in discovering, developing, and extracting hydrocarbon resources within the Pre-Caspian Basi...
Nostrum Oil & Gas Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
10
Very Negative
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 126.70M | 120.50M | 137.08M | 119.63M | 199.72M | 195.28M |
| Gross Profit | 49.17M | 37.99M | 65.07M | 42.00M | 115.66M | 99.65M |
| EBITDA | 1.40M | 38.64M | 143.38M | 973.69M | 76.21M | 101.97M |
| Net Income | -220.18M | -218.18M | -26.58M | 831.66M | -116.44M | -26.12M |
Balance Sheet | ||||||
| Total Assets | 486.85M | 501.95M | 606.00M | 519.34M | 590.12M | 565.31M |
| Cash, Cash Equivalents and Short-Term Investments | 155.21M | 143.34M | 150.42M | 161.71M | 233.58M | 165.25M |
| Total Debt | 769.35M | 705.82M | 571.37M | 471.75M | 1.40B | 1.29B |
| Total Liabilities | 867.14M | 808.82M | 698.48M | 585.01M | 1.53B | 1.39B |
| Stockholders Equity | -379.70M | -306.39M | -92.54M | -66.17M | -940.23M | -823.25M |
Cash Flow | ||||||
| Free Cash Flow | 6.07M | -3.80M | 535.00K | -19.48M | 87.43M | 108.58M |
| Operating Cash Flow | 24.74M | 19.59M | 33.08M | -2.22M | 102.20M | 117.42M |
| Investing Cash Flow | 122.66K | -23.39M | -26.47M | -28.08M | -15.78M | -19.78M |
| Financing Cash Flow | -5.85M | -2.78M | -17.71M | -41.62M | -17.48M | -10.86M |
Nostrum Oil & Gas Technical Analysis
Negative
0.75
Price Trends
2.90
Negative
3.03
Negative
3.15
Negative
Market Momentum
-0.76
Positive
13.53
Positive
40.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NOG, the sentiment is Negative. The current price of 0.75 is below the 20-day moving average (MA) of 1.77, below the 50-day MA of 2.90, and below the 200-day MA of 3.15, indicating a bearish trend. The MACD of -0.76 indicates Positive momentum. The RSI at 13.53 is Positive, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:NOG.
Nostrum Oil & Gas Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
47 Neutral | £13.96M | -4.77 | -9.99% | ― | -21.87% | -300.00% | |
42 Neutral | £9.57M | -0.92 | -22.43% | 4.20% | ― | -130.30% | |
42 Neutral | £9.97M | -6.94 | -16.51% | ― | ― | 77.78% | |
40 Underperform | ÂŁ1.15M | >-0.01 | 71.56% | 3.29% | -10.13% | -390.01% | |
34 Underperform | ÂŁ4.83M | -41.88 | -2.93% | 352.73% | 140.95% | 63.64% |
* Energy Sector Average
GB:NOG
Nostrum Oil & Gas
0.70
-2.83
-80.17%
GB:RBD
Reabold Resources
66.00
13.50
25.71%
GB:UOG
United Oil & Gas Plc
0.21
0.04
28.12%
GB:UKOG
UK Oil & Gas Investments
0.01
0.00
0.00%
GB:WTE
Westmount Energy
3.35
1.40
71.79%
GB:BLOE
Block Energy Plc
0.95
0.07
7.95%
Nostrum Oil & Gas Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Nostrum Extends Note Tender Offer After Agreeing Sale of Key Kazakhstan Assets
Neutral
Aug 19, 2026
Nostrum Oil Gas Finance B.V. and Nostrum Oil Gas B.V. have updated investors after their parent agreed to sell its participating interests in Zhaikmunai LLP and Positiv Invest LLP, along with related loan rights, to Altaris Holding Ltd., backed ...
Business Operations and StrategyM&A Transactions
Nostrum Oil & Gas to Sell Kazakh Assets and Wind Down After Debt Repayments
Negative
Aug 17, 2026
Nostrum Oil Gas has agreed to sell its Kazakh subsidiaries Zhaikmunai LLP and Positiv Invest LLP, including related loan rights, to Altaris Holding for a purchase price of U.S.$304.6 million, subject to working capital and net debt adjustments. M...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Nostrum Oil & Gas lifts H1 revenue and cash as it secures bond standstill
Positive
Aug 11, 2026
Nostrum Oil Gas reported stronger unaudited results for the first half of 2026, with revenue up 13.3% to US$72.6 million and EBITDA rising 16.4% to US$27.7 million, driven by higher Brent prices, a better crude export mix and increased third̴...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Nostrum Oil & Gas lifts H1 2026 output and cash flow as bond standstill bolsters liquidity
Positive
Jul 31, 2026
Nostrum Oil Gas reported improved operational and financial performance for the six months to 30 June 2026, driven by higher export volumes, stronger product prices and increased third‑party feedstock. Average daily processed volumes rose 5...
Business Operations and StrategyLegal ProceedingsPrivate Placements and Financing
Nostrum Oil & Gas launches tender offer amid revised debt restructuring and Kazakh tax disputes
Neutral
Jul 24, 2026
Nostrum Oil Gas B.V., a subsidiary of Nostrum Oil Gas PLC, has launched a tender offer for its U.S.$250 million 5.00% Senior Secured Notes due 2026, inviting eligible holders to tender their securities via an unmodified reverse Dutch auction, wi...
Business Operations and StrategyExecutive/Board ChangesLegal ProceedingsPrivate Placements and Financing
Nostrum Oil & Gas Wins Noteholder Backing in Key Consent Solicitation
Positive
Jul 20, 2026
Nostrum Oil Gas Finance B.V., the financing arm of Nostrum Oil Gas PLC, has secured noteholder approval for key resolutions in its consent solicitation relating to its U.S.$250 million Senior Secured Notes and U.S.$345 million Senior Unsecured N...
Business Operations and StrategyRegulatory Filings and Compliance
Nostrum Oil & Gas publishes 2025 government payments report
Neutral
Jun 30, 2026
Nostrum Oil Gas PLC has published its 2025 report on payments to governments, detailing the taxes, royalties and other payments made by the company and its subsidiaries to public authorities. The disclosure, prepared in line with UK regulatory re...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Nostrum Oil & Gas Seeks Noteholder Consent for Revised Standstill Deal Amid Kazakh Asset Curbs
Neutral
Jun 26, 2026
Nostrum Oil Gas Finance B.V. has launched a consent solicitation to holders of its senior secured and senior unsecured notes due 2026, seeking approval for a revised transaction that extends effective maturities via a long-term standstill and adj...
Executive/Board ChangesShareholder Meetings
Nostrum Oil & Gas AGM Sees Shareholders Reject Directors’ Pay Report
Negative
Jun 25, 2026
Nostrum Oil Gas reported the voting results from its Annual General Meeting in London, where shareholders approved all resolutions except the directors’ remuneration report for 2025. The meeting confirmed the company’s accounts, endor...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Nostrum Oil & Gas to Clear Deferred Interest on 2026 Notes After Licence Win
Positive
Jun 11, 2026
Nostrum Oil Gas has resolved payment administration issues linked to sanctions-related licensing that had delayed interest distributions on its senior secured and senior unsecured notes due 2026. With the necessary regulatory licence obtained on ...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Nostrum Oil & Gas publishes 2025 annual report and sets date for 2026 AGM
Neutral
Jun 1, 2026
Nostrum Oil Gas has published its Annual Report and Accounts for the year ended 31 December 2025 alongside the notice of its 2026 Annual General Meeting, making both documents available electronically on its website and through the UK National St...
Business Operations and StrategyFinancial Disclosures
Nostrum Oil & Gas lifts Q1 revenue and cash as third-party volumes grow
Positive
May 26, 2026
Nostrum Oil Gas reported a solid first quarter of 2026, with revenue up 9.3% to US$32.8 million, driven by higher exports, increased third-party Ural Oil Gas feedstock and firmer Brent prices, which helped offset declining Chinarevskoye output. ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.