Investec Lowers Ophir Energy Plc to Hold (OPHR)
Ophir Energy Plc (LON:OPHR) was downgraded by equities researchers at Investec to a “hold” rating in a research report issued on Thursday. They currently have a GBX 250 ($4.18) price target on the stock, down from their previous price target of GBX 315 ($5.27). Investec’s target price would indicate a potential upside of 8.79% from the stock’s previous close.
Shares of Ophir Energy Plc (LON:OPHR) traded down 2.44% during mid-day trading on Thursday, hitting GBX 224.10. The stock had a trading volume of 435,216 shares. Ophir Energy Plc has a 52 week low of GBX 191.50 and a 52 week high of GBX 393.90. The stock has a 50-day moving average of GBX 209.2 and a 200-day moving average of GBX 249.2. The company’s market cap is £1.329 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Ophir Energy Plc from GBX 400 ($6.69) to GBX 420 ($7.02) in a research note on Monday. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Ophir Energy Plc from GBX 330 ($5.52) to GBX 280 ($4.68) in a research note on Friday, August 15th. They now have a “buy” rating on the stock. Finally, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Ophir Energy Plc in a research note on Thursday, August 14th. They now have a GBX 355 ($5.93) price target on the stock. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 336.38 ($5.62).
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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