Ophir Energy Plc Given New GBX 400 Price Target at JPMorgan Chase & Co. (OPHR)
Investment analysts at JPMorgan Chase & Co. dropped their target price on shares of Ophir Energy Plc (LON:OPHR) from GBX 440 ($7.22) to GBX 400 ($6.56) in a note issued to investors on Friday, Analyst Ratings Net reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 33.07% from the stock’s previous close.
Shares of Ophir Energy Plc (LON:OPHR) traded up 0.23% on Friday, hitting GBX 300.40. 461,042 shares of the company’s stock traded hands. Ophir Energy Plc has a 52 week low of GBX 275.00 and a 52 week high of GBX 503.228. The stock has a 50-day moving average of GBX 301.3 and a 200-day moving average of GBX 324.9.
A number of other firms have also recently commented on OPHR. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Ophir Energy Plc in a research note on Tuesday, February 4th. They now have a GBX 392 ($6.43) price target on the stock. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of Ophir Energy Plc in a research note on Monday, January 27th. They now have a GBX 299 ($4.91) price target on the stock. Finally, analysts at Morgan Stanley cut their price target on shares of Ophir Energy Plc from GBX 465 ($7.63) to GBX 380 ($6.23) in a research note on Friday, January 24th. They now have an “overweight” rating on the stock. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 443.60 ($7.28).
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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