Ophir Energy Plc Receives Average Rating of “Buy” from Brokerages (LON:OPHR)
Ophir Energy Plc (LON:OPHR) has received a consensus rating of “Buy” from the nineteen ratings firms that are currently covering the company, AR Network reports. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 371 ($6.22).
Shares of Ophir Energy Plc (LON:OPHR) opened at 205.50 on Monday. Ophir Energy Plc has a 1-year low of GBX 191.50 and a 1-year high of GBX 393.90. The stock has a 50-day moving average of GBX 213.7 and a 200-day moving average of GBX 254.0. The company’s market cap is £1.216 billion.
Several analysts have recently commented on the stock. 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 ($5.12) price target on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Ophir Energy Plc to a “neutral” rating in a research note on Thursday, July 24th. They now have a GBX 270 ($4.53) price target on the stock, down previously from GBX 330 ($5.54).
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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