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Ophir Energy (LON:OPHR) was upgraded by Nomura to a “buy” rating in a research note issued on Monday, American Banking News reports. The firm currently has a GBX 460 ($7.58) price target on the stock, up from their previous price target of GBX 430 ($7.09). Nomura’s price target suggests a potential upside of 53.59% from the stock’s previous close.

OPHR has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “hold” rating on shares of Ophir Energy in a research note to investors on Friday, January 10th. They now have a GBX 325 ($5.36) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ophir Energy in a research note to investors on Wednesday, January 8th. They now have a GBX 400 ($6.59) price target on the stock. Finally, analysts at Investec cut their price target on shares of Ophir Energy from GBX 410 ($6.76) to GBX 365 ($6.02) in a research note to investors on Wednesday, January 8th. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of GBX 464.33 ($7.65).

Ophir Energy (LON:OPHR) opened at 305.00 on Monday. Ophir Energy has a one year low of GBX 293.80 and a one year high of GBX 524.862. The stock has a 50-day moving average of GBX 319.7 and a 200-day moving average of GBX 337..

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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