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A report released today by Peel Hunt about Eland Oil Gas PLC (LON:ELA) bumps the target price to 100.00GBX

Yesterday Eland Oil Gas PLC (LON:ELA) traded 2.12% higher at 65.63GBX. The company’s 50-day moving average is 58.01GBX and its 200-day moving average is 54.83GBX. The last stock close price is up 31.78% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 244,142 shares of the stock were exchanged, down from an average trading volume of 306,073

Peel Hunt upped the price target of Eland Oil Gas PLC (LON:ELA) to 100.00GBX indicating a possible upside of 0.52%.

Previously on 11/9/2017, Peel Hunt reported about Eland Oil Gas PLC (LON:ELA) held steady the target price at 90.00GBX. At the time, this indicated a possible upside of 0.37%.

See Chart Below

Eland Oil Gas PLC (LON:ELA)

Eland Oil Gas PLC has a 52 week low of 32.65GBX and a 52 week high of 72.83GBX with a P/E ratio of 10.18 The company’s market cap is currently 0 GBX.

In addition to Peel Hunt reporting its target price, a total of 6 firms have reported on the stock. The consensus target price is 1.27GBX with 3 firms rating the stock a strong buy, 3 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Eland Oil Gas PLC (LON:ELA)

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. Its core assets are the OML 40 license and the Ubima field, both onshore Nigeria. The OML 40 license is situated within the Niger Delta, approximately 75 kilometers northwest of Warri and covers an area of over 500 square kilometers. The environment in OML 40 consists of shoreline and coastal mangrove swamps. The OML 40 license includes Opuama, Gbetiokun, Polobo, Abiala and Amobe. Primary gross contingent resources in the OML 40 license amounts to 41.2 million barrels (mmbbl). The Ubima Field covers an area of approximately 70 square kilometers and is located onshore in the northern part of Rivers State.

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