Westhouse Securities Reiterates “Neutral” Rating for Eland Oil & Gas PLC (ELA)
Eland Oil & Gas PLC (LON:ELA)‘s stock had its “neutral” rating reaffirmed by research analysts at Westhouse Securities in a report released on Monday. They currently have a GBX 123 ($2.10) price objective on the stock. Westhouse Securities’ price objective points to a potential upside of 10.93% from the company’s current price.
Shares of Eland Oil & Gas PLC (LON:ELA) opened at 112.50 on Monday. Eland Oil & Gas PLC has a one year low of GBX 87.00 and a one year high of GBX 131.00. The stock’s 50-day moving average is GBX 114.3 and its 200-day moving average is GBX 111..
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Eland Oil & Gas PLC from GBX 190 ($3.24) to GBX 180 ($3.07) in a research note on Thursday, May 29th. They now have a “buy” rating on the stock. Separately, analysts at Northland Securities reiterated a “buy” rating on shares of Eland Oil & Gas PLC in a research note on Tuesday, May 27th. They now have a GBX 161 ($2.74) price target on the stock. Finally, analysts at Northland Capital Partners reiterated a “buy” rating on shares of Eland Oil & Gas PLC in a research note on Tuesday, May 27th. They now have a GBX 161 ($2.74) price target on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Eland Oil & Gas PLC currently has a consensus rating of “Buy” and an average target price of GBX 156.25 ($2.66).
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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