Ophir Energy Plc Receives Add Rating from Westhouse Securities (OPHR)
Ophir Energy Plc (LON:OPHR)‘s stock had its “add” rating restated by equities researchers at Westhouse Securities in a research report issued on Wednesday. They currently have a GBX 245 ($4.05) price objective on the stock. Westhouse Securities’ price objective indicates a potential upside of 7.98% from the company’s current price.
A number of other firms have also recently commented on OPHR. Analysts at Investec downgraded shares of Ophir Energy Plc to a “hold” rating in a research note on Thursday, August 21st. They now have a GBX 250 ($4.14) price target on the stock, down previously from GBX 315 ($5.21). Separately, analysts at RBC Capital raised their price target on shares of Ophir Energy Plc from GBX 400 ($6.62) to GBX 420 ($6.95) in a research note on Monday, August 18th. They now have a “neutral” rating on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Ophir Energy Plc from GBX 330 ($5.46) to GBX 280 ($4.63) in a research note on Friday, August 15th. They now have a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 336.38 ($5.57).
Shares of Ophir Energy Plc (LON:OPHR) traded up 1.28% during mid-day trading on Wednesday, hitting GBX 229.80. 426,669 shares of the company’s stock traded hands. Ophir Energy Plc has a one year low of GBX 191.50 and a one year high of GBX 393.90. The stock has a 50-day moving average of GBX 209.7 and a 200-day moving average of GBX 247.0. The company’s market cap is £1.363 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.