Westhouse Securities Reiterates Sell Rating for Eland Oil & Gas PLC (ELA)
Eland Oil & Gas PLC (LON:ELA)‘s stock had its “sell” rating reiterated by investment analysts at Westhouse Securities in a note issued to investors on Tuesday. They currently have a GBX 104 ($1.75) target price on the stock. Westhouse Securities’ price objective suggests a potential downside of 12.44% from the company’s current price.
Shares of Eland Oil & Gas PLC (LON:ELA) traded down 2.66% on Tuesday, hitting GBX 116.814. 443,702 shares of the company’s stock traded hands. Eland Oil & Gas PLC has a 1-year low of GBX 87.00 and a 1-year high of GBX 132.90. The stock’s 50-day moving average is GBX 118.9 and its 200-day moving average is GBX 105.7.
Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Securities reiterated a “buy” rating on shares of Eland Oil & Gas PLC in a research note on Tuesday. They now have a GBX 161 ($2.71) price target on the stock. Separately, analysts at Northland Capital Partners reiterated a “buy” rating on shares of Eland Oil & Gas PLC in a research note on Tuesday. They now have a GBX 161 ($2.71) price target on the stock. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 154 ($2.59).
Eland Oil & Gas PLC is an independent oil and gas company. The Company is engaged in the exploration, development and production of oil and gas reserves in West Africa, with an initial focus on Nigeria.
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