Eland Oil & Gas’ (ELA) “Buy” Rating Reiterated at Peel Hunt

Peel Hunt reissued their buy rating on shares of Eland Oil & Gas (LON:ELA) in a research note released on Wednesday, ThisIsMoney.Co.Uk reports.

LON:ELA opened at GBX 123.20 ($1.61) on Wednesday. Eland Oil & Gas has a one year low of GBX 94.60 ($1.24) and a one year high of GBX 138.50 ($1.81). The company has a debt-to-equity ratio of 15.05, a quick ratio of 1.11 and a current ratio of 1.20. The stock has a market capitalization of $267.26 million and a price-to-earnings ratio of 4.74. The firm has a fifty day simple moving average of GBX 124.22.

In other Eland Oil & Gas news, insider George Walter Mitchell Maxwell purchased 8,345 shares of the stock in a transaction on Tuesday, June 25th. The shares were bought at an average cost of GBX 120 ($1.57) per share, with a total value of £10,014 ($13,085.06).

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.

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