Ophir Energy Plc’s “Outperform” Rating Reaffirmed at Credit Suisse (OPHR)
Ophir Energy Plc (LON:OPHR)‘s stock had its “outperform” rating reiterated by Credit Suisse in a research note issued on Tuesday, Analyst Ratings Network.com reports. They currently have a GBX 392 ($6.52) target price on the stock. Credit Suisse’s target price would indicate a potential upside of 26.05% from the stock’s previous close.
Ophir Energy Plc (LON:OPHR) opened at 310.60 on Tuesday. Ophir Energy Plc has a 52 week low of GBX 275.00 and a 52 week high of GBX 503.228. The stock’s 50-day moving average is GBX 298.6 and its 200-day moving average is GBX 322.4.
A number of other analysts have also recently weighed in on OPHR. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Ophir Energy Plc in a research note on Wednesday, February 19th. They now have a GBX 400 ($6.65) price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Ophir Energy Plc from GBX 440 ($7.32) to GBX 400 ($6.65) in a research note on Friday, February 14th. They now have an “overweight” rating on the stock. Finally, 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 ($4.97) price target on the stock. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Ophir Energy Plc has an average rating of “Buy” and an average target price of GBX 443.60 ($7.38).
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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