Eland Oil & Gas PLC (LON:ELA)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity in a research report issued on Thursday, June 1st. They presently have a GBX 110 ($1.40) target price on the stock. Canaccord Genuity’s price target would indicate a potential upside of 100.91% from the stock’s previous close.
Several other analysts also recently commented on ELA. Panmure Gordon reissued a “buy” rating and set a GBX 95 ($1.21) price objective on shares of Eland Oil & Gas PLC in a research report on Tuesday, February 21st. Peel Hunt increased their price objective on shares of Eland Oil & Gas PLC from GBX 95 ($1.21) to GBX 100 ($1.27) and gave the company a “buy” rating in a research report on Tuesday, May 16th.
Shares of Eland Oil & Gas PLC (ELA) remained flat at GBX 54.75 during trading on Thursday. 67,289 shares of the company’s stock traded hands. The stock’s market capitalization is GBX 105.46 million. The firm’s 50-day moving average is GBX 57.90 and its 200-day moving average is GBX 49.70. Eland Oil & Gas PLC has a 12 month low of GBX 22.17 and a 12 month high of GBX 66.00.
Eland Oil & Gas PLC Company Profile
Eland Oil & Gas PLC is a United Kingdom-based independent oil and gas company. The Company focuses on the production and development in West Africa, primarily in the Niger Delta region of Nigeria. It focuses on building and developing a portfolio of producing upstream oil and gas assets in West Africa.