The stock of Eland Oil & Gas PLC (LON:ELA) is a huge mover today! The stock decreased 1.37% or GBX 0.5 on November 23, hitting GBX 36. About 135,469 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.
The move comes after 6 months positive chart setup for the GBX 66.91M company. It was reported on Nov, 23 by Barchart.com. We have GBX 37.08 PT which if reached, will make LON:ELA worth GBX 2.01M more.
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 208.33% above today’s (GBX 36) stock price. Eland Oil Gas PLC has been the topic of 32 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Canaccord Genuity on Wednesday, September 30. Cantor Fitzgerald maintained the stock with “Buy” rating in Monday, November 16 report. Canaccord Genuity maintained Eland Oil & Gas PLC (LON:ELA) rating on Thursday, September 22. Canaccord Genuity has “Speculative Buy” rating and GBX 110 price target. The stock of Eland Oil & Gas PLC (LON:ELA) has “Buy” rating given on Wednesday, November 23 by Cantor Fitzgerald. The stock of Eland Oil & Gas PLC (LON:ELA) earned “Buy” rating by Cantor Fitzgerald on Friday, April 29. The company was maintained on Thursday, May 19 by Peel Hunt. The rating was maintained by Peel Hunt on Thursday, June 2 with “Buy”. Cantor Fitzgerald maintained it with “Buy” rating and GBX 178 target price in Wednesday, September 30 report. The stock of Eland Oil & Gas PLC (LON:ELA) has “Buy” rating given on Friday, August 7 by Cantor Fitzgerald. On Thursday, November 26 the stock rating was maintained by Peel Hunt with “Buy”.
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.
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 66.91 million GBP. The Firm operates in exploration and production of gas and oil reserves in Nigeria segment. It has a 2.9 P/E ratio. The Company’s core assets are the OML 40 license and the Ubima field, both onshore Nigeria.
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