Ophir Energy Stock Rating Reaffirmed by Credit Suisse (OPHR)
Ophir Energy (LON:OPHR)‘s stock had its “outperform” rating restated by equities research analysts at Credit Suisse in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports. They currently have a GBX 392 ($6.44) price objective on the stock. Credit Suisse’s price target points to a potential upside of 39.90% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a “hold” rating on shares of Ophir Energy in a research note to investors on Monday, January 27th. They now have a GBX 299 ($4.91) price target on the stock. Separately, analysts at Morgan Stanley cut their price target on shares of Ophir Energy from GBX 465 ($7.64) to GBX 380 ($6.24) in a research note to investors on Friday, January 24th. They now have an “overweight” rating on the stock. Finally, analysts at UBS AG cut their price target on shares of Ophir Energy from GBX 395 ($6.49) to GBX 325 ($5.34) in a research note to investors on Thursday, January 16th. They now have a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of GBX 447.60 ($7.36).
Ophir Energy (LON:OPHR) opened at 280.80 on Tuesday. Ophir Energy has a 1-year low of GBX 276.10 and a 1-year high of GBX 503.228. The stock’s 50-day moving average is GBX 308.0 and its 200-day moving average is GBX 329.9.
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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