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Eland Oil Gas PLC (LON:ELA) stock price target reduced to 90.00GBX, issued a research note today by Peel Hunt

Having a price of 55.63GBX, Eland Oil Gas PLC (LON:ELA) traded 1.41% higher on the day. With the last stock price up 31.16% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. ELA has recorded a 50-day average of 57.43GBX and a two hundred day average of 54.70GBX. Trade Volume was down over the average, with 57,683 shares of ELA changing hands under the typical 303,857

In a statement issued on Thursday June 08, 2017 Peel Hunt dropped the price target of Eland Oil Gas PLC (LON:ELA) from 100.00GBX to 90.00GBX reporting a possible upside of 0.62%.

Recent Performance Chart

Eland Oil Gas PLC (LON:ELA)

Eland Oil Gas PLC has PE ratio of 10.11 with a one year low of 32.65GBX and a one year high of 72.12GBX 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 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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