Ophir Energy Plc Receives “Buy” Rating from Oriel Securities Ltd (OPHR)
Ophir Energy Plc (LON:OPHR)‘s stock had its “buy” rating reiterated by equities research analysts at Oriel Securities Ltd in a research note issued to investors on Wednesday. They currently have a GBX 355 ($5.87) target price on the stock. Oriel Securities Ltd’s target price suggests a potential upside of 56.46% from the stock’s previous close.
Shares of Ophir Energy Plc (LON:OPHR) opened at 229.20 on Wednesday. Ophir Energy Plc has a 1-year low of GBX 191.50 and a 1-year high of GBX 393.90. The stock has a 50-day moving average of GBX 209.4 and a 200-day moving average of GBX 247.5. The company’s market cap is £1.359 billion.
OPHR has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “hold” rating on shares of Ophir Energy Plc in a research note on Wednesday. They now have a GBX 222 ($3.67) price target on the stock. Separately, analysts at Westhouse Securities reiterated an “add” rating on shares of Ophir Energy Plc in a research note on Wednesday. They now have a GBX 245 ($4.05) price target on the stock. Finally, 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). Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Ophir Energy Plc currently has an average rating of “Buy” and an average target price of GBX 336.38 ($5.57).
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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