Ophir Energy Plc (OPHR) PT Lowered to GBX 88
Ophir Energy Plc (LON:OPHR) had its target price reduced by equities research analysts at Jefferies Group from GBX 97 ($1.27) to GBX 88 ($1.15) in a report released on Thursday. The firm presently has a “hold” rating on the stock. Jefferies Group’s price target indicates a potential upside of 12.46% from the stock’s current price.
OPHR has been the subject of a number of other research reports. Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 70 ($0.91) price target on shares of Ophir Energy Plc in a report on Friday, September 16th. Deutsche Bank AG reiterated a “buy” rating on shares of Ophir Energy Plc in a report on Thursday, September 15th. Barclays PLC reiterated an “overweight” rating and issued a GBX 125 ($1.63) price target on shares of Ophir Energy Plc in a report on Monday, September 26th. Canaccord Genuity reiterated a “hold” rating and issued a GBX 80 ($1.04) price target on shares of Ophir Energy Plc in a report on Wednesday, August 31st. Finally, FirstEnergy Capital reiterated a “market perform” rating and issued a GBX 85 ($1.11) price target on shares of Ophir Energy Plc in a report on Thursday, September 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Ophir Energy Plc currently has a consensus rating of “Hold” and a consensus price target of GBX 90.08 ($1.18).
Ophir Energy Plc (LON:OPHR) traded down 3.10% during trading on Thursday, reaching GBX 78.25. 1,201,817 shares of the company’s stock traded hands. Ophir Energy Plc has a 1-year low of GBX 63.49 and a 1-year high of GBX 107.80. The firm’s market capitalization is GBX 549.42 million. The firm has a 50 day moving average of GBX 75.65 and a 200 day moving average of GBX 73.40.
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Ophir Energy Plc Company Profile
Ophir Energy plc is an upstream oil and gas exploration and production company focused on Asia and Africa. The principal activity of the Company is the development of offshore and deepwater oil and gas exploration assets. The Company’s geographical segments are Africa, Asia and Other. The Other segment includes the corporate centers in the United Kingdom, Australia and Singapore.
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