Rating Coverage: Canaccord Genuity Keeps a Speculative Buy Rating on Eland Oil Gas PLC (LON:ELA) and GBX 110.00 Target

November 23, 2016 - By Peter Erickson

Eland Oil Gas PLC (LON:ELA) Rating

In a note revealed to investors on today, Canaccord Genuity reiterated their Speculative Buy rating on Eland Oil Gas PLC (LON:ELA)‘s stock. The PT would suggest a potential upside of 201.37% from 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 202.04% above today’s (GBX 36.75) stock price. Eland Oil Gas PLC has been the topic of 31 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Davy Research given on Monday, November 16. Cantor Fitzgerald maintained it with “Buy” rating and GBX 178 target price in Wednesday, September 30 report. The rating was maintained by Peel Hunt with “Buy” on Monday, November 16. The rating was maintained by Peel Hunt on Thursday, November 26 with “Buy”. Cantor Fitzgerald maintained Eland Oil & Gas PLC (LON:ELA) rating on Wednesday, November 23. Cantor Fitzgerald has “Buy” rating and GBX 149 price target. Panmure Gordon maintained Eland Oil & Gas PLC (LON:ELA) on Friday, November 27 with “Buy” rating. Peel Hunt maintained Eland Oil & Gas PLC (LON:ELA) on Thursday, June 2 with “Buy” rating. The firm has “Buy” rating by Cantor Fitzgerald given on Tuesday, January 5. The stock has “Buy” rating given by Cantor Fitzgerald on Tuesday, May 31. Panmure Gordon maintained Eland Oil & Gas PLC (LON:ELA) on Thursday, September 22 with “Buy” rating.

About 67,553 shares traded hands. Eland Oil & Gas PLC (LON:ELA) has declined 5.81% since April 25, 2016 and is downtrending. It has underperformed by 11.14% 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 68.30 million GBP. The Firm operates in exploration and production of gas and oil reserves in Nigeria segment. It has a 2.96 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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