Nostrum Oil & Gas Reports Third Quarter 2023 Earnings
Nostrum Oil & Gas (LON:NOG) Third Quarter 2023 Results
Key Financial Results
Revenue: US$36.0m (down 25% from 3Q 2022).
Net loss: US$26.7m (loss widened by 2.0% from 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nostrum Oil & Gas Earnings Insights
Looking ahead, revenue is expected to fall by 7.9% p.a. on average during the next 3 years compared to a 1.7% decline forecast for the Oil and Gas industry in the United Kingdom.
Performance of the British Oil and Gas industry.
The company's shares are down 2.8% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 7 warning signs with Nostrum Oil & Gas (at least 5 which are a bit concerning), and understanding them should be part of your investment process.
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