Ophir Energy Stock Rating Reaffirmed by Liberum Capital (OPHR)
Ophir Energy (LON:OPHR)‘s stock had its “sell” rating reaffirmed by research analysts at Liberum Capital in a report released on Wednesday, American Banking and Market News reports. They currently have a GBX 255 ($4.11) price target on the stock. Liberum Capital’s price objective would indicate a potential downside of 19.91% from the company’s current price.
Shares of Ophir Energy (LON:OPHR) traded down 3.95% during mid-day trading on Wednesday, hitting GBX 318.40. 1,612,853 shares of the company’s stock traded hands. Ophir Energy has a 1-year low of GBX 298.40 and a 1-year high of GBX 596.819. The stock has a 50-day moving average of GBX 339. and a 200-day moving average of GBX 389.7.
OPHR has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of Ophir Energy (LON:OPHR) in a research note to investors on Tuesday, September 24th. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Ophir Energy (LON:OPHR) from GBX 550 ($8.87) to GBX 460 ($7.42) in a research note to investors on Thursday, August 29th. They now have an “overweight” rating on the stock. Finally, analysts at Investec cut their price target on shares of Ophir Energy (LON:OPHR) from GBX 520 ($8.39) to GBX 390 ($6.29) in a research note to investors on Wednesday, August 28th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 486.87 ($7.86).
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.