Eland Oil & Gas (LON:ELA)‘s stock had its “buy” rating reiterated by investment analysts at Peel Hunt in a report issued on Wednesday, ThisIsMoney.Co.Uk reports.
Shares of ELA opened at GBX 124.40 ($1.63) on Wednesday. Eland Oil & Gas has a 12-month low of GBX 94.60 ($1.24) and a 12-month high of GBX 138.50 ($1.81). The stock has a 50-day moving average price of GBX 124.34. The company has a current ratio of 1.20, a quick ratio of 1.11 and a debt-to-equity ratio of 15.05. The firm has a market cap of $269.87 million and a PE ratio of 4.78.
In related news, insider George Walter Mitchell Maxwell purchased 8,345 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was bought at an average price of GBX 120 ($1.57) per share, with a total value of £10,014 ($13,085.06).
Eland Oil & Gas PLC, together with its subsidiaries, engages in development, exploration, and production of oil and gas properties in West Africa. The company primarily holds interests in the OML 40 license, which covers an area of 498 square kilometers located in the Niger Delta; and a 40% interest in the Ubima field that covers an area of 65 square kilometers located in the northern part of Rivers State.
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