Northland Securities Reiterates “Buy” Rating for Eland Oil & Gas PLC (ELA)
Eland Oil & Gas PLC (LON:ELA)‘s stock had its “buy” rating reaffirmed by investment analysts at Northland Securities in a note issued to investors on Thursday. They currently have a GBX 161 ($2.67) price target on the stock. Northland Securities’ price objective indicates a potential upside of 53.33% from the stock’s previous close.
ELA has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Eland Oil & Gas PLC from GBX 180 ($2.99) to GBX 185 ($3.07) in a research note on Tuesday. They now have a “buy” rating 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 Friday, August 15th. They now have a GBX 161 ($2.67) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Eland Oil & Gas PLC in a research note on Friday, August 15th. They now have a GBX 123 ($2.04) price target on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Eland Oil & Gas PLC has a consensus rating of “Buy” and a consensus price target of GBX 157.50 ($2.61).
Shares of Eland Oil & Gas PLC (LON:ELA) traded up 5.53% on Thursday, hitting GBX 105.00. 246,662 shares of the company’s stock traded hands. Eland Oil & Gas PLC has a 52-week low of GBX 86.00 and a 52-week high of GBX 131.00. The stock has a 50-day moving average of GBX 100.1 and a 200-day moving average of GBX 111.7.
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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