TOday’s Movers: Eland Oil Gas PLC (LON:ELA) Stock Rating Reiterated at Peel Hunt; GBX 120.00 Target Price Indicates 17.36 % Potential

May 16, 2018 - By Duane Lopez

Eland Oil & Gas PLC (LON:ELA) Logo

Eland Oil Gas PLC (LON:ELA) Rating Reaffirmed

Peel Hunt now has a GBX 120.00 TP on shares of Eland Oil Gas PLC (LON:ELA). The TP means a potential upside of 17.36 % from the current stock price of Eland Oil Gas PLC (LON:ELA). This rating was revealed to clients and investors in a note on Wednesday morning.

It closed at GBX 102 lastly. It is down 0.00% since May 16, 2017 and is . It has underperformed by 11.55% 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 224.57 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 14.37 P/E ratio. It also provides financing services.

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