Eland Oil & Gas (ELA) Given Buy Rating at Peel Hunt

Peel Hunt reissued their buy rating on shares of Eland Oil & Gas (LON:ELA) in a research report sent to investors on Friday. The brokerage currently has a GBX 100 ($1.34) target price on the stock.

Several other research firms also recently issued reports on ELA. Canaccord Genuity Group upped their target price on Eland Oil & Gas from GBX 100 ($1.34) to GBX 115 ($1.54) and gave the company a buy rating in a research report on Monday, November 13th. Canaccord Genuity increased their price target on Eland Oil & Gas from GBX 100 ($1.34) to GBX 115 ($1.54) and gave the stock a buy rating in a research report on Monday, November 13th.

Eland Oil & Gas (LON ELA) opened at GBX 69.13 ($0.92) on Friday. Eland Oil & Gas has a 12-month low of GBX 38.50 ($0.51) and a 12-month high of GBX 75 ($1.00). The stock has a market capitalization of $152.46 and a price-to-earnings ratio of 1,382.50.

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Eland Oil & Gas 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.

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