Eland Oil & Gas (LON:ELA)‘s stock had its “buy” rating reissued by research analysts at Peel Hunt in a research note issued to investors on Friday. They presently have a GBX 100 ($1.35) target price on the stock. Peel Hunt’s price target points to a potential upside of 44.67% from the stock’s current price.

ELA has been the subject of several other research reports. Canaccord Genuity upped their price objective on shares of Eland Oil & Gas from GBX 100 ($1.35) to GBX 115 ($1.55) and gave the company a “buy” rating in a research note on Monday, November 13th. Canaccord Genuity Group upped their price objective on shares of Eland Oil & Gas from GBX 100 ($1.35) to GBX 115 ($1.55) and gave the company a “buy” rating in a research note on Monday, November 13th.

Shares of Eland Oil & Gas (LON ELA) traded down GBX 0.38 ($0.01) during mid-day trading on Friday, hitting GBX 69.13 ($0.93). 191,020 shares of the company were exchanged, compared to its average volume of 204,306. The firm has a market capitalization of $153.44 and a P/E ratio of 1,382.50. Eland Oil & Gas has a 12-month low of GBX 38.50 ($0.52) and a 12-month high of GBX 75 ($1.01).

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About Eland Oil & Gas

Eland Oil & Gas PLC is a United Kingdom-based independent oil and gas company. The Company focuses on the production and development in West Africa, primarily in the Niger Delta region of Nigeria. It focuses on building and developing a portfolio of producing upstream oil and gas assets in West Africa.

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