Eland Oil & Gas PLC Given Buy Rating at Northland Capital Partners (ELA)
Eland Oil & Gas PLC (LON:ELA)‘s stock had its “buy” rating restated by investment analysts at Northland Capital Partners in a note issued to investors on Friday. They currently have a GBX 161 ($2.70) price objective on the stock. Northland Capital Partners’ price target would indicate a potential upside of 80.90% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Westhouse Securities reiterated a “neutral” rating on shares of Eland Oil & Gas PLC in a research note on Friday. They now have a GBX 123 ($2.06) price target on the stock. Separately, analysts at Northland Securities reiterated a “buy” rating on shares of Eland Oil & Gas PLC in a research note on Friday. They now have a GBX 161 ($2.70) price target on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 156.25 ($2.62).
Shares of Eland Oil & Gas PLC (LON:ELA) traded down 2.10% on Friday, hitting GBX 86.89. The stock had a trading volume of 470,215 shares. Eland Oil & Gas PLC has a one year low of GBX 86.041 and a one year high of GBX 131.00. The stock’s 50-day moving average is GBX 109.1 and its 200-day moving average is GBX 112.4.
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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