Ophir Energy Plc’s “Hold” Rating Reiterated at Liberum Capital (OPHR)
Ophir Energy Plc (LON:OPHR)‘s stock had its “hold” rating reiterated by investment analysts at Liberum Capital in a note issued to investors on Wednesday. They currently have a GBX 222 ($3.67) target price on the stock. Liberum Capital’s target price suggests a potential downside of 2.16% from the company’s current price.
A number of other firms have also recently commented on OPHR. 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. Separately, 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). Finally, 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. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus 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% on Wednesday, hitting GBX 229.80. The stock had a trading volume of 426,669 shares. Ophir Energy Plc has a 52-week low of GBX 191.50 and a 52-week high of GBX 393.90. The stock’s 50-day moving average is GBX 209.4 and its 200-day moving average is GBX 247.5. 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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