Ophir Energy Plc Receives Outperform Rating from Credit Suisse (OPHR)
Ophir Energy Plc (LON:OPHR)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse in a research note issued to investors on Monday. They currently have a GBX 305 ($5.22) target price on the stock. Credit Suisse’s target price points to a potential upside of 49.29% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital cut their price target on shares of Ophir Energy Plc from GBX 262 ($4.49) to GBX 222 ($3.80) in a research note on Wednesday, July 9th. They now have a “hold” rating on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of Ophir Energy Plc in a research note on Wednesday, July 9th. They set a “buy” rating and a GBX 280 ($4.79) price target on the stock. 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 ($5.65) price target on the stock. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Ophir Energy Plc presently has a consensus rating of “Buy” and a consensus target price of GBX 379.81 ($6.50).
Shares of Ophir Energy Plc (LON:OPHR) traded down 0.49% on Monday, hitting GBX 204.30. The stock had a trading volume of 1,171,871 shares. Ophir Energy Plc has a 52-week low of GBX 203.20 and a 52-week high of GBX 403.00. The stock’s 50-day moving average is GBX 235.8 and its 200-day moving average is GBX 267.5. The company’s market cap is £1.209 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.