Eland Oil & Gas PLC (LON:ELA) has been assigned a consensus rating of “Buy” from the five analysts that are presently covering the company. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 106.25 ($1.39).
Several equities research analysts recently weighed in on the stock. Panmure Gordon reiterated a “buy” rating and set a GBX 95 ($1.24) price objective on shares of Eland Oil & Gas PLC in a research note on Thursday, September 22nd. Canaccord Genuity reiterated a “speculative buy” rating and set a GBX 110 ($1.44) price objective on shares of Eland Oil & Gas PLC in a research note on Tuesday, July 12th. Finally, Peel Hunt increased their price objective on shares of Eland Oil & Gas PLC from GBX 80 ($1.04) to GBX 90 ($1.17) and gave the stock a “buy” rating in a research note on Tuesday.
Shares of Eland Oil & Gas PLC (LON:ELA) traded up 6.562% on Thursday, hitting GBX 42.625. The company had a trading volume of 688,727 shares. The stock’s market cap is GBX 82.10 million. The company has a 50-day moving average of GBX 33.06 and a 200 day moving average of GBX 29.31. Eland Oil & Gas PLC has a 12 month low of GBX 20.50 and a 12 month high of GBX 46.25.
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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