Eland Oil & Gas (ELA) Receives Buy Rating from Peel Hunt

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

Shares of LON:ELA opened at GBX 125 ($1.63) on Wednesday. The company has a market cap of $272.31 million and a P/E ratio of 15.24. Eland Oil & Gas has a 12 month low of GBX 77 ($1.01) and a 12 month high of GBX 138.50 ($1.81). The company has a debt-to-equity ratio of 12.01, a current ratio of 0.81 and a quick ratio of 0.79.

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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