Credit Suisse Reiterates Outperform Rating for Ophir Energy Plc (OPHR)
Ophir Energy Plc (LON:OPHR)‘s stock had its “outperform” rating reiterated by investment analysts at Credit Suisse in a note issued to investors on Monday. They currently have a GBX 295 ($4.90) price objective on the stock. Credit Suisse’s price objective indicates a potential upside of 25.75% from the company’s current price.
Shares of Ophir Energy Plc (LON:OPHR) opened at 239.20 on Monday. Ophir Energy Plc has a 1-year low of GBX 191.50 and a 1-year high of GBX 393.90. The stock’s 50-day moving average is GBX 210.7 and its 200-day moving average is GBX 246.8. The company’s market cap is £1.419 billion.
OPHR has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Ophir Energy Plc in a research note on Thursday. They now have a GBX 280 ($4.65) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Ophir Energy Plc in a research note on Wednesday, August 27th. They now have a GBX 355 ($5.89) price target on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of Ophir Energy Plc in a research note on Wednesday, August 27th. They now have a GBX 222 ($3.68) 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. The stock presently has an average rating of “Buy” and a consensus price target of GBX 335.75 ($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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