Rating Change: Eland Oil Gas PLC (LON:ELA) “Buy” Rating Maintained by Analysts at Cantor Fitzgerald; With GBX 149.00 Target

November 23, 2016 - By Adrian Mccoy

Eland Oil Gas PLC (LON:ELA) Rating

In a report released on 23 November, Eland Oil Gas PLC (LON:ELA) stock had its “Buy” Rating reaffirmed by stock research analysts at Cantor Fitzgerald. They currently have a GBX 149.00 target price on firm. Cantor Fitzgerald’s target would indicate a potential upside of 309.57% from the company’s last price.

Eland Oil & Gas PLC (LON:ELA) Ratings Coverage

Out of 5 analysts covering Eland Oil Gas PLC (LON:ELA), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 178 is the highest target while GBX 70 is the lowest. The GBX 111 average target is 204.11% above today’s (GBX 36.5) stock price. Eland Oil Gas PLC has been the topic of 31 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Peel Hunt maintained it with “Buy” rating and GBX 70 target price in Monday, April 4 report. The stock has “Buy” rating given by Cantor Fitzgerald on Wednesday, September 30. The stock of Eland Oil & Gas PLC (LON:ELA) earned “Buy” rating by Cantor Fitzgerald on Tuesday, May 31. The rating was maintained by Cantor Fitzgerald on Monday, July 11 with “Buy”. The company was maintained on Wednesday, April 20 by Cantor Fitzgerald. Cantor Fitzgerald maintained it with “Buy” rating and GBX 149 target price in Tuesday, January 5 report. On Wednesday, November 23 the stock rating was maintained by Cantor Fitzgerald with “Buy”. Panmure Gordon maintained Eland Oil & Gas PLC (LON:ELA) on Monday, December 7 with “Buy” rating. Canaccord Genuity maintained it with “Speculative Buy” rating and GBX 110 target price in Friday, November 4 report. Canaccord Genuity downgraded it to “Speculative Buy” rating and GBX 110 target price in Monday, November 16 report.

It is down 8.15% since April 22, 2016 and is uptrending. It has outperformed by 2.82% the S&P500.

Eland Oil & Gas PLC is focused on building and developing a portfolio of producing upstream gas and oil assets in West Africa. The company has a market cap of 67.84 million GBP. The Firm operates in exploration and production of gas and oil reserves in Nigeria segment. It has a 2.94 P/E ratio. The Company’s core assets are the OML 40 license and the Ubima field, both onshore Nigeria.

Another recent and important Eland Oil & Gas PLC (LON:ELA) news was published by Uk.Finance.Yahoo.com which published an article titled: “Eland Oil & Gas PLC (ELA.L)” on March 31, 2014.

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