Ophir Energy Plc Price Target Cut to GBX 222 by Analysts at Liberum Capital (OPHR)
Equities researchers at Liberum Capital cut their price objective on shares of Ophir Energy Plc (LON:OPHR) from GBX 262 ($4.49) to GBX 222 ($3.81) in a research report issued on Wednesday. The firm currently has a “hold” rating on the stock. Liberum Capital’s price objective indicates a potential upside of 4.72% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of Ophir Energy Plc in a research note on Wednesday. They set a “buy” rating and a GBX 280 ($4.80) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Ophir Energy Plc in a research note on Monday, June 30th. They now have a GBX 305 ($5.23) price target on the stock, down previously from GBX 328 ($5.63). Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ophir Energy Plc in a research note on Friday, June 27th. They now have a GBX 330 ($5.66) price target on the stock. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Ophir Energy Plc presently has a consensus rating of “Buy” and an average price target of GBX 381.69 ($6.55).
Shares of Ophir Energy Plc (LON:OPHR) traded down 0.05% during mid-day trading on Wednesday, hitting GBX 212.00. The stock had a trading volume of 910,552 shares. Ophir Energy Plc has a 1-year low of GBX 209.70 and a 1-year high of GBX 403.00. The stock’s 50-day moving average is GBX 240.5 and its 200-day moving average is GBX 270.0. The company’s market cap is £1.255 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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