Investor Outlook: Eland Oil Gas PLC (LON:ELA) “Buy” Rating Maintained by Analysts at Peel Hunt Today

Eland Oil & Gas PLC (LON:ELA) Logo

Eland Oil Gas PLC (LON:ELA) Rating Reaffirmed

In a research report sent to clients and investors by Peel Hunt on Friday, 30 November, The Rating on Eland Oil Gas PLC (LON:ELA) shares of a ‘”Buy”‘ was reconfirmed.

Eland Oil & Gas PLC (LON:ELA) Ratings Coverage

Among 2 analysts covering Eland Oil Gas PLC (LON:ELA), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Eland Oil Gas PLC has GBX 170 highest and GBX 165 lowest target. GBX 162.50’s average target is 49.77% above currents GBX 108.5 stock price. Eland Oil Gas PLC had 16 analyst reports since June 14, 2018 according to SRatingsIntel. Peel Hunt maintained the stock with “Buy” rating in Monday, November 12 report. The rating was maintained by Peel Hunt on Monday, July 9 with “Buy”. Peel Hunt maintained the shares of ELA in report on Tuesday, September 25 with “Buy” rating. The stock has “Buy” rating by Peel Hunt on Tuesday, September 18. The company was maintained on Friday, November 16 by Peel Hunt. Peel Hunt maintained the shares of ELA in report on Thursday, June 14 with “Buy” rating. The stock of Eland Oil & Gas PLC (LON:ELA) earned “Buy” rating by Peel Hunt on Wednesday, July 25. The stock of Eland Oil & Gas PLC (LON:ELA) has “Buy” rating given on Friday, November 30 by Peel Hunt. Peel Hunt maintained Eland Oil & Gas PLC (LON:ELA) on Monday, November 19 with “Buy” rating. Canaccord Genuity maintained it with “Buy” rating and GBX 165 target in Monday, November 12 report.

It closed at GBX 108.5 lastly. It is down 0.00% since December 2, 2017 and is . It has underperformed by 15.62% the S&P500.

Eland Oil & Gas PLC, together with its subsidiaries, engages in development, exploration, and production of gas and oil properties in West Africa. The company has market cap of 238.53 million GBP. The firm primarily holds interests in the OML 40 license, which covers an area of 498 square kilometers located in the Niger Delta; and 40% interest in the Ubima field that covers an area of 65 square kilometers located in the northern part of Rivers State. It has a 13.23 P/E ratio. It also provides financing services.

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