Eland Oil & Gas (LON:ELA)‘s stock had its “buy” rating reissued by research analysts at Peel Hunt in a research note issued to investors on Tuesday.

Separately, Canaccord Genuity reissued a “buy” rating and set a GBX 170 ($2.21) price target on shares of Eland Oil & Gas in a research report on Friday, August 17th.

Eland Oil & Gas stock opened at GBX 118 ($1.54) on Tuesday. Eland Oil & Gas has a fifty-two week low of GBX 44.30 ($0.58) and a fifty-two week high of GBX 91.62 ($1.19).

In other Eland Oil & Gas news, insider Henry Arthur John Turcan acquired 35,048 shares of the firm’s stock in a transaction dated Monday, July 2nd. The shares were acquired at an average price of GBX 119 ($1.55) per share, for a total transaction of £41,707.12 ($54,327.37). Insiders have bought 46,758 shares of company stock worth $5,573,134 in the last 90 days.

Eland Oil & Gas Company Profile

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: Book Value Per Share – BVPS

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