Panmure Gordon reiterated their buy rating on shares of Eland Oil & Gas PLC (LON:ELA) in a report released on Thursday morning. Panmure Gordon currently has a GBX 95 ($1.24) price objective on the stock.
Other analysts have also issued reports about the stock. Canaccord Genuity reiterated a speculative buy rating and set a GBX 110 ($1.44) target price on shares of Eland Oil & Gas PLC in a research report on Tuesday, July 12th. Peel Hunt reiterated a buy rating and set a GBX 80 ($1.04) target price (up from GBX 76 ($0.99)) on shares of Eland Oil & Gas PLC in a research report on Tuesday, May 31st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Eland Oil & Gas PLC presently has a consensus rating of Buy and an average target price of GBX 103.75 ($1.35).
Eland Oil & Gas PLC (LON:ELA) opened at 38.00 on Thursday. The stock has a 50 day moving average of GBX 31.46 and a 200 day moving average of GBX 29.06. The company’s market capitalization is GBX 73.19 million. Eland Oil & Gas PLC has a 12-month low of GBX 20.50 and a 12-month high of GBX 48.75.
Eland Oil & Gas PLC Company Profile
Eland Oil & Gas PLC is an independent oil and gas company. The Company’s principal activities consist of identifying, acquiring and developing interests in oil and gas assets in West Africa, focused initially on Nigeria including the prolific Niger Delta. The Company’s asset is OML 40 in Nigeria, which are 81.4 million barrels gross 2P reserves.
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