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

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

Eland Oil & Gas stock opened at GBX 120 ($1.57) on Thursday. Eland Oil & Gas has a twelve month low of GBX 44.30 ($0.58) and a twelve month high of GBX 91.62 ($1.20).

In other Eland Oil & Gas news, insider Ronald Bain bought 17,500 shares of the business’s stock in a transaction dated Tuesday, November 20th. The stock was acquired at an average cost 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.

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