In a report shared with investors on Monday, 7 December, Eland Oil Gas PLC (LON:ELA) stock had its Buy Rating kept by equity analysts at Panmure Gordon.
Panmure Gordon now has a GBX 130.00 TP on the 52.84M GBP market cap company or 257.34% upside potential.
Nostrum Oil & Gas PLC (LON:NOG) traded up 0.8788% during midday trading on Monday, hitting GBX 378.8000. Numis Securities Ltd boosted their price objective on Nostrum Oil & Gas PLC from GBX 820 ($12.36) to GBX 855 ($12.88) and gave the stock a buy rating in a research note on Thursday, August 27th.
Circle Oil Plc LON:COP has a 50 day moving average of 4.80 GBX and the 200 Day Moving Average price is recorded at 8.25 GBX. The company’s market capitalization is GBX 7.50 million.
Several other brokerages have also weighed in on NOG. Canaccord Genuity decreased their target price on Eland Oil & Gas PLC from GBX 140 ($2.11) to GBX 130 ($1.96) and set a buy rating for the company in a research report on Friday, September 11th.
The 52 week high of Circle Oil PLC’s shares is 13.95 whilst the 52 week low for the company’s shares is 3.76. Plc reiterated a buy rating and set a GBX 550 ($8.29) price objective on shares of Nostrum Oil & Gas PLC in a research note on Saturday, November 28th. Cantor Fitzgerald maintained the stock on November 30 with “Buy” rating. The stock presently has a consensus rating of Buy and an average price target of GBX 124 ($1.87).
Eland Oil & Gas PLC is an independent gas and oil company. The Company is engaged in the exploration, development and production of oil and gas in North Africa and the Middle-East with oil and gas production in Egypt, gas production in Morocco and exploration assets in all areas of operation. The Company’s asset is OML 40 in Nigeria, which are 81.4 million barrels gross 2P reserves. The Company retains a 100% interest and operates three Production Licenses covering an area almost 10,000 square kilometers in the South Falkland Basin.
