Ophir Energy Plc’s Outperform Rating Reaffirmed at Credit Suisse (OPHR)
Ophir Energy Plc (LON:OPHR)‘s stock had its “outperform” rating restated by stock analysts at Credit Suisse in a report issued on Monday, Stock Ratings Network reports. They currently have a GBX 346 ($5.74) target price on the stock. Credit Suisse’s price target indicates a potential upside of 43.07% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC reiterated an “overweight” rating on shares of Ophir Energy Plc in a research note on Tuesday, April 1st. They now have a GBX 450 ($7.46) price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Ophir Energy Plc from GBX 315 ($5.22) to GBX 300 ($4.97) in a research note on Friday, March 21st. They now have a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 420.31 ($6.97).
Ophir Energy Plc (LON:OPHR) traded down 0.04% on Monday, hitting GBX 241.80. 426,854 shares of the company’s stock traded hands. Ophir Energy Plc has a 52-week low of GBX 232.10 and a 52-week high of GBX 478.50. The stock has a 50-day moving average of GBX 285.6 and a 200-day moving average of GBX 310.6.
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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