Peel Hunt reiterated their buy rating on shares of Eland Oil & Gas (LON:ELA) in a research report released on Thursday.

Shares of LON:ELA opened at GBX 124.50 ($1.63) on Thursday. The company has a market capitalization of $271.28 million and a P/E ratio of 15.18. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 12.01. Eland Oil & Gas has a one year low of GBX 77 ($1.01) and a one year high of GBX 138.50 ($1.81).

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.

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