Liberum Capital Reiterates “Sell” Rating for Ophir Energy (OPHR)
Ophir Energy (LON:OPHR)‘s stock had its “sell” rating reiterated by stock analysts at Liberum Capital in a report issued on Wednesday, AnalystRatingsNetwork.com reports. They currently have a GBX 255 ($3.99) target price on the stock. Liberum Capital’s price target would indicate a potential downside of 24.20% from the company’s current price.
OPHR has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of Ophir Energy (LON:OPHR) from GBX 550 ($8.60) to GBX 460 ($7.19) in a research note to investors on Thursday, August 29th. They now have an “overweight” rating on the stock. Separately, analysts at Investec cut their price target on shares of Ophir Energy (LON:OPHR) from GBX 520 ($8.13) to GBX 390 ($6.10) in a research note to investors on Wednesday, August 28th. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Ophir Energy (LON:OPHR) from GBX 425 ($6.64) to GBX 374 ($5.85) in a research note to investors on Friday, August 16th. They now have a “hold” rating on the stock.
One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 500.87 ($7.83).
Ophir Energy (LON:OPHR) opened at 333.00 on Wednesday. Ophir Energy has a 52 week low of GBX 149.996 and a 52 week high of GBX 643.50. The stock’s 50-day moving average is GBX 349. and its 200-day moving average is GBX 396..
Ophir Energy plc is an independent oil and gas exploration business with a focus on Africa. The principal activities of the Company are exploration for oil and gas, predominantly in deepwater acreage in eight jurisdictions in East and West Africa.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.