Oriel Securities Ltd Reiterates Buy Rating for Ophir Energy Plc (OPHR)
Ophir Energy Plc (LON:OPHR)‘s stock had its “buy” rating restated by equities researchers at Oriel Securities Ltd in a research report issued on Monday. They currently have a GBX 355 ($6.08) price objective on the stock. Oriel Securities Ltd’s price target would suggest a potential upside of 73.76% from the stock’s previous close.
OPHR has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Ophir Energy Plc in a research note on Monday. They now have a GBX 305 ($5.22) price target on the stock. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of GBX 379.81 ($6.50).
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.
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