Ophir Energy Plc Given Average Rating of “Buy” by Brokerages (LON:OPHR)
Ophir Energy Plc (LON:OPHR) has received a consensus recommendation of “Buy” from the nineteen ratings firms that are covering the company, American Banking News.com reports. Five research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 366.59 ($6.15).
Several analysts have recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Ophir Energy Plc from GBX 330 ($5.54) to GBX 280 ($4.70) in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Ophir Energy Plc in a research note on Thursday. They now have a GBX 355 ($5.96) price target on the stock. Finally, analysts at Westhouse Securities cut their price target on shares of Ophir Energy Plc from GBX 290 ($4.86) to GBX 245 ($4.11) in a research note on Thursday. They now have an “add” rating on the stock.
Shares of Ophir Energy Plc (LON:OPHR) opened at 216.10 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’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 £1.279 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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