Eland Oil & Gas (LON:ELA)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a research report issued on Thursday.

Separately, Canaccord Genuity reissued a “buy” rating and issued a GBX 165 ($2.16) price objective on shares of Eland Oil & Gas in a report on Monday, November 12th.

Shares of ELA stock opened at GBX 108 ($1.41) on Thursday. Eland Oil & Gas has a 52-week low of GBX 44.30 ($0.58) and a 52-week high of GBX 91.62 ($1.20).

In related news, insider Ronald Bain acquired 17,500 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The stock was acquired at an average price of GBX 109 ($1.42) per share, with a total value of £19,075 ($24,924.87).

About Eland Oil & Gas

Eland Oil & Gas PLC, together with its subsidiaries, engages in development, exploration, and production of oil and gas properties in West Africa. The company primarily holds interests in the OML 40 license, which covers an area of 498 square kilometers located in the Niger Delta; and a 40% interest in the Ubima field that covers an area of 65 square kilometers located in the northern part of Rivers State.

Further Reading: Closed-End Mutual Funds (CEFs)

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