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Cantor Fitzgerald announced Eland Oil Gas PLC (LON:ELA), upholding its stock price target at 149.00GBX today

Only yesterday Eland Oil Gas PLC (LON:ELA) traded 7.54% higher at 36.13GBX. Eland Oil Gas PLC’s 50-day moving average is 30.26GBX and its 200-day moving average is 29.00GBX. With the last close up 26.10% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. 190,600 shares of the stock were exchanged, down from an average trading volume of 529,259

In a report issued 09/22/2016 Cantor Fitzgerald hold steady the target price of Eland Oil Gas PLC (LON:ELA) from 149.00GBX to 149.00GBX indicating a possible upside of 3.12%.

Previously on 7/12/2016, Canaccord Genuity reported on Eland Oil Gas PLC (LON:ELA) raised the target price from 0.00GBX to 110.00GBX. At the time, this indicated a possible upside of 3.21%.

See Chart Below

Eland Oil Gas PLC (LON:ELA)

Eland Oil Gas PLC has a 52 week low of 20.50GBX and a 52 week high of 49.00GBX with a P/E ratio of 2.81 Eland Oil Gas PLC’s market capitalization is currently 0 GBX.

Also covering Eland Oil Gas PLC's target, a total of 6 firms have issued a report on Eland Oil Gas PLC. The 12-month price target is 1.27GBX with 3 brokers rating the company a strong buy, three firms rating the stock a buy, 1 equity analyst rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On 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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