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.
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