A statement released earlier today by Canaccord Genuity about Eland Oil Gas PLC (LON:ELA) keeps the target price at 110.00GBX
- Updated: November 26, 2016
Reporting a potential upside of 2.01%, Canaccord Genuity hold steady the price target of Eland Oil Gas PLC (LON:ELA) at 110.00GBX
On 03/02/2016, Canaccord Genuity released a statement on Eland Oil Gas PLC (LON:ELA) dropped the target price from 100.00GBX to 80.00GBX that suggested an upside of 1.91%.
Having a price of 36.50GBX, Eland Oil Gas PLC (LON:ELA) traded 1.39% higher on the day. With the last close up 13.92% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. ELA has recorded a 50-day average of 39.49GBX and a two hundred day average of 32.04GBX. Trade Volume was down over the average, with 55,698 shares of ELA changing hands under the typical 399,744
Recent Performance Chart
Eland Oil Gas PLC has PE ratio of 2.45 with a one year low of 20.50GBX and a one year high of 50.00GBX and has a market capitalization of 0 GBX.
A total of 6 analysts have released a report on Eland Oil Gas PLC. Three analysts rating the company a strong buy, three analysts rating the company a buy, one analyst rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of 1.27GBX.
General Company Details For Eland Oil Gas PLC (LON:ELA)
Eland Oil & Gas PLC is focused on building and developing a portfolio of producing upstream oil and gas assets in West Africa. The Company operates in exploration and production of oil and gas reserves in Nigeria segment. The Company's 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 498 square kilometers. OML 40 includes Polobo, Abiala South, Opuama, Abiala North, Adagbassa Creek and Ugbo. OML 40's booked reserves are found in Opuama in the western, and Gbetiokun in the eastern, part of the license. The license area of Ubima Field is approximately 65 square kilometers, located onshore in the northern part of Rivers State and has been carved out of OML 17, which is operated by Shell Petroleum Development Company.
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