Eland Oil & Gas (ELA) Stock Rating Reaffirmed by Peel Hunt
Eland Oil & Gas (LON:ELA)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a report released on Monday.
Separately, Canaccord Genuity restated a “buy” rating and issued a GBX 170 ($2.22) price objective on shares of Eland Oil & Gas in a report on Friday, August 17th.
ELA opened at GBX 100.54 ($1.31) on Monday. Eland Oil & Gas has a 12 month low of GBX 44.30 ($0.58) and a 12 month high of GBX 91.62 ($1.20).
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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