Ophir Energy Plc Receives Outperform Rating from Credit Suisse (OPHR)
Ophir Energy Plc (LON:OPHR)‘s stock had its “outperform” rating reaffirmed by Credit Suisse in a research note issued on Monday. They currently have a GBX 328 ($5.59) price objective on the stock. Credit Suisse’s price objective would suggest a potential upside of 49.98% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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 ($4.60) in a research note on Thursday. They now have an “add” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Ophir Energy Plc in a research note on Thursday, June 5th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Ophir Energy Plc currently has a consensus rating of “Buy” and an average target price of GBX 395.13 ($6.73).
Ophir Energy Plc (LON:OPHR) opened at 222.00 on Monday. Ophir Energy Plc has a 52-week low of GBX 223.10 and a 52-week high of GBX 403.00. The stock has a 50-day moving average of GBX 249. and a 200-day moving average of GBX 276.0. The company’s market cap is £1.314 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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