Analysts Set Eland Oil & Gas PLC (ELA) PT at $106.25

Shares of Eland Oil & Gas PLC (LON:ELA) have earned an average recommendation of “Buy” from the five brokerages that are covering the company. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 106.25 ($1.31).

A number of equities analysts recently issued reports on ELA shares. Peel Hunt upped their price target on shares of Eland Oil & Gas PLC from GBX 80 ($0.99) to GBX 90 ($1.11) and gave the stock a “buy” rating in a research note on Tuesday, October 4th. Canaccord Genuity reiterated a “speculative buy” rating and issued a GBX 110 ($1.36) price target on shares of Eland Oil & Gas PLC in a research note on Wednesday, August 31st. Finally, Panmure Gordon reissued a “buy” rating and issued a GBX 95 ($1.18) target price on shares of Eland Oil & Gas PLC in a research report on Thursday, September 22nd.

Eland Oil & Gas PLC (LON:ELA) opened at 43.75 on Thursday. Eland Oil & Gas PLC has a 52-week low of GBX 20.50 and a 52-week high of GBX 45.00. The stock has a 50 day moving average of GBX 34.56 and a 200-day moving average of GBX 29.60. The company’s market capitalization is GBX 84.27 million.

Eland Oil & Gas PLC Company Profile

Eland Oil & Gas PLC is an independent oil and gas company. The Company’s principal activities consist of identifying, acquiring and developing interests in oil and gas assets in West Africa, focused initially on Nigeria including the prolific Niger Delta. The Company’s asset is OML 40 in Nigeria, which are 81.4 million barrels gross 2P reserves.

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