Ophir Energy Rating Reiterated by Liberum Capital (OPHR)
Ophir Energy (LON:OPHR)‘s stock had its “hold” rating restated by analysts at Liberum Capital in a research report issued to clients and investors on Monday, American Banking & Market News reports. They currently have a GBX 299 ($4.93) price objective on the stock. Liberum Capital’s price target would suggest a potential upside of 6.33% from the stock’s previous close.
Shares of Ophir Energy (LON:OPHR) traded up 0.43% during mid-day trading on Monday, hitting GBX 281.20. 1,328,745 shares of the company’s stock traded hands. Ophir Energy has a 52-week low of GBX 279.90 and a 52-week high of GBX 509.342. The stock has a 50-day moving average of GBX 312.2 and a 200-day moving average of GBX 333.8.
OPHR has been the subject of a number of other recent research reports. Analysts at Morgan Stanley cut their price target on shares of Ophir Energy from GBX 465 ($7.66) to GBX 380 ($6.26) in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at UBS AG cut their price target on shares of Ophir Energy from GBX 395 ($6.51) to GBX 325 ($5.36) in a research note to investors on Thursday, January 16th. They now have a “neutral” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Ophir Energy from GBX 400 ($6.59) to GBX 315 ($5.19) in a research note to investors on Wednesday, January 15th. They now have a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 451.27 ($7.44).
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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