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Equities research analysts at Westhouse Securities dropped their target price on shares of Ophir Energy Plc (LON:OPHR) from GBX 290 ($4.94) to GBX 270 ($4.59) in a research note issued to investors on Thursday. The firm currently has an “add” rating on the stock. Westhouse Securities’ target price would indicate a potential upside of 12.27% from the stock’s previous close.

Ophir Energy Plc (LON:OPHR) traded down 3.87% during mid-day trading on Thursday, hitting GBX 231.20. The stock had a trading volume of 1,497,736 shares. Ophir Energy Plc has a 52-week low of GBX 223.10 and a 52-week high of GBX 403.00. The stock’s 50-day moving average is GBX 250. and its 200-day moving average is GBX 276.4. The company’s market cap is £1.369 billion.

A number of other analysts have also recently weighed in on OPHR. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Ophir Energy Plc in a research note on Monday, June 16th. They now have a GBX 328 ($5.58) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Ophir Energy Plc in a research note on Thursday, June 5th. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Ophir Energy Plc in a research note on Wednesday, June 4th. They now have a GBX 290 ($4.94) price target on the stock. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 395.13 ($6.72).

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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