Peel Hunt Reiterates Its “Buy” Rating on Eland Oil Gas PLC (LON:ELA) Shares Today

June 14, 2018 - By Marguerite Chambers

Eland Oil & Gas PLC (LON:ELA) Logo

Eland Oil Gas PLC (LON:ELA) Rating Reaffirmed

In analysts report sent to investors by Peel Hunt on Thursday morning, The Rating on Eland Oil Gas PLC (LON:ELA) shares of a ‘”Buy”‘ was reaffirmed.

The stock decreased 1.24% or GBX 1.5 during the last trading session, reaching GBX 119. About 81,026 shares traded. Eland Oil & Gas PLC (LON:ELA) has 0.00% since June 14, 2017 and is . It has underperformed by 12.57% the S&P500.

Eland Oil & Gas PLC, together with its subsidiaries, engages in development, exploration, and production of gas and oil properties in West Africa. The company has market cap of 262.00 million GBP. The firm primarily holds interests in the OML 40 license, which covers an area of 498 square kilometers located in the Niger Delta; and 40% interest in the Ubima field that covers an area of 65 square kilometers located in the northern part of Rivers State. It has a 16.76 P/E ratio. It also provides financing services.

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