Ophir Energy Given “Buy” Rating at Goldman Sachs Group Inc. (OPHR)
Ophir Energy (LON:OPHR)‘s stock had its “buy” rating reiterated by research analysts at Goldman Sachs Group Inc. in a report released on Monday, AnalystRatings.Net reports. They currently have a GBX 480 ($7.66) target price on the stock. Goldman Sachs Group Inc.’s price target suggests a potential upside of 51.18% from the company’s current price.
Ophir Energy (LON:OPHR) traded up 0.35% during mid-day trading on Monday, hitting GBX 317.50. The stock had a trading volume of 406,861 shares. Ophir Energy has a one year low of GBX 298.40 and a one year high of GBX 576.26. The stock’s 50-day moving average is GBX 325.3 and its 200-day moving average is GBX 377.8.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Ophir Energy in a research note to investors on Thursday, October 3rd. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Ophir Energy in a research note to investors on Thursday, October 3rd. They now have a GBX 460 ($7.34) price target on the stock. Finally, analysts at Nomura downgraded shares of Ophir Energy from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, October 2nd. They now have a GBX 430 ($6.86) price target on the stock, down previously from GBX 650 ($10.38). One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 476.80 ($7.61).
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.
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