Ophir Energy Plc Given Consensus Recommendation of “Buy” by Analysts (LON:OPHR)
Ophir Energy Plc (LON:OPHR) has earned a consensus recommendation of “Buy” from the eighteen analysts that are covering the stock, AnalystRatingsNetwork reports. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 395.13 ($6.72).
OPHR has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Ophir Energy Plc in a research note on Friday. They now have a GBX 330 ($5.62) price target on the stock. Separately, analysts at Westhouse Securities cut their price target on shares of Ophir Energy Plc from GBX 290 ($4.94) to GBX 270 ($4.59) in a research note on Thursday. They now have an “add” rating on the stock. Finally, 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.
Shares of Ophir Energy Plc (LON:OPHR) opened at 213.20 on Friday. 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 £1.262 billion.
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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