Ophir Energy Plc (OPHR) Stock Rating Reaffirmed by Barclays PLC
Ophir Energy Plc (LON:OPHR)‘s stock had its “overweight” rating reiterated by equities research analysts at Barclays PLC in a research note issued on Friday. They currently have a GBX 100 ($1.30) price target on the stock. Barclays PLC’s target price points to a potential upside of 38.89% from the company’s previous close.
Several other analysts have also recently commented on OPHR. Credit Suisse Group boosted their price target on Ophir Energy Plc from GBX 100 ($1.30) to GBX 110 ($1.42) and gave the stock an “outperform” rating in a research report on Friday, March 24th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 120 ($1.55) price target on shares of Ophir Energy Plc in a research report on Tuesday, April 18th. Jefferies Group LLC cut Ophir Energy Plc to an “underperform” rating and dropped their price target for the stock from GBX 95 ($1.23) to GBX 75 ($0.97) in a research report on Wednesday, May 17th. Canaccord Genuity dropped their price target on Ophir Energy Plc from GBX 125 ($1.62) to GBX 110 ($1.42) and set a “buy” rating for the company in a research report on Friday, May 26th. Finally, Macquarie dropped their price target on Ophir Energy Plc from GBX 94 ($1.22) to GBX 89 ($1.15) and set a “neutral” rating for the company in a research report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 97.11 ($1.26).
Ophir Energy Plc (LON OPHR) traded up 3.60% on Friday, hitting GBX 72.00. 991,869 shares of the company were exchanged. The stock’s 50-day moving average price is GBX 84.91 and its 200-day moving average price is GBX 89.67. Ophir Energy Plc has a 52-week low of GBX 64.50 and a 52-week high of GBX 103.41. The stock’s market capitalization is GBX 508.39 million.
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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 are head-quartered in London, United Kingdom.
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