Canaccord Genuity disclosed Eland Oil Gas PLC (LON:ELA), supporting its price target at 110.00GBX earlier today
- Updated: September 21, 2016
Having a price of 34.75GBX, Eland Oil Gas PLC (LON:ELA) traded 7.54% higher on the day. With the last stock price up 26.10% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. ELA has recorded a 50-day average of 30.26GBX and a two hundred day average of 29.00GBX. Trade Volume was down over the average, with 190,600 shares of ELA changing hands under the typical 529,259
Reporting as potential upside of 2.17%, Canaccord Genuity hold steady the price target of Eland Oil Gas PLC (LON:ELA) at 110.00GBX
On 07/12/2016, Canaccord Genuity released a statement about Eland Oil Gas PLC (LON:ELA) upped the target price from 0.00GBX to 110.00GBX that suggested an upside of 3.21%.
Recent Performance Chart
Eland Oil Gas PLC has PE ratio of 2.81 with a one year low of 20.50GBX and a one year high of 49.00GBX and has a market capitalization of 0 GBX.
A total of 6 brokerages have issued a ratings update on Eland Oil Gas PLC. Three brokerages rating the company a strong buy, three brokerages rating the company a buy, one brokerage rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages 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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