Ophir Energy Receives Buy Rating from Deutsche Bank (OPHR)
Ophir Energy (LON:OPHR)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Wednesday, American Banking News reports. They currently have a GBX 400 ($6.56) price objective on the stock. Deutsche Bank’s price objective indicates a potential upside of 30.29% from the company’s current price.
Shares of Ophir Energy (LON:OPHR) opened at 308.00 on Wednesday. Ophir Energy has a one year low of GBX 293.80 and a one year high of GBX 542.734. The stock’s 50-day moving average is GBX 327.5 and its 200-day moving average is GBX 340.0.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec cut their price target on shares of Ophir Energy from GBX 410 ($6.72) to GBX 365 ($5.99) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital reiterated a “sector performer” rating on shares of Ophir Energy in a research note to investors on Thursday, January 2nd. Finally, analysts at Beaufort Securities initiated coverage on shares of Ophir Energy in a research note to investors on Thursday, December 19th. They set a “speculative buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 472.67 ($7.75).
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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