Deutsche Bank Reaffirms “Buy” Rating for Ophir Energy Plc (OPHR)
Ophir Energy Plc (LON:OPHR)‘s stock had its “buy” rating reiterated by Deutsche Bank in a research note issued on Thursday. They currently have a GBX 280 ($4.63) price objective on the stock. Deutsche Bank’s target price points to a potential upside of 23.35% from the company’s current price.
OPHR has been the subject of a number of other recent research reports. Analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Ophir Energy Plc in a research note on Wednesday. They now have a GBX 355 ($5.87) price target on the stock. Separately, 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. Finally, 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. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 336.38 ($5.57).
Ophir Energy Plc (LON:OPHR) traded down 1.22% during mid-day trading on Thursday, hitting GBX 227.00. The stock had a trading volume of 655,283 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 210.1 and a 200-day moving average of GBX 246.8. The company’s market cap is £1.346 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.