Ophir Energy Given Hold Rating at Liberum Capital (OPHR)
Ophir Energy (LON:OPHR)‘s stock had its “hold” rating reiterated by investment analysts at Liberum Capital in a note issued to investors on Friday, American Banking and Market News reports. They currently have a GBX 325 ($5.33) price target on the stock. Liberum Capital’s target price points to a potential upside of 5.52% from the stock’s previous close.
Ophir Energy (LON:OPHR) traded up 0.03% during mid-day trading on Friday, hitting GBX 308.00. 1,175,513 shares of the company’s stock traded hands. Ophir Energy has a one year low of GBX 293.80 and a one year high of GBX 558.00. The stock’s 50-day moving average is GBX 324.5 and its 200-day moving average is GBX 339..
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Ophir Energy in a research note to investors on Wednesday. They now have a GBX 400 ($6.56) price target on the stock. Separately, 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. Finally, analysts at RBC Capital reiterated a “sector performer” rating on shares of Ophir Energy in a research note to investors on Thursday, January 2nd. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price 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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