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Equities research analysts at Westhouse Securities dropped their target price on shares of Ophir Energy Plc (LON:OPHR) from GBX 290 ($4.86) to GBX 245 ($4.11) in a research note issued to investors on Thursday. The firm currently has an “add” rating on the stock. Westhouse Securities’ price target would indicate a potential upside of 23.43% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “hold” rating on shares of Ophir Energy Plc in a research note on Thursday. They now have a GBX 222 ($3.72) 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. They now have a GBX 305 ($5.12) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Ophir Energy Plc in a research note on Monday, July 28th. They now have a GBX 305 ($5.12) 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 has an average rating of “Buy” and an average price target of GBX 369.53 ($6.20).

Shares of Ophir Energy Plc (LON:OPHR) traded up 6.65% during mid-day trading on Thursday, hitting GBX 211.70. The stock had a trading volume of 2,703,055 shares. Ophir Energy Plc has a 52 week low of GBX 191.50 and a 52 week high of GBX 393.90. The stock’s 50-day moving average is GBX 209.8 and its 200-day moving average is GBX 251.1. The company’s market cap is £1.253 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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