Ophir Energy Plc (OPHR) Given “Neutral” Rating at Citigroup Inc.
Ophir Energy Plc (LON:OPHR)‘s stock had its “neutral” rating reissued by equities research analysts at Citigroup Inc. in a report released on Friday. They currently have a GBX 90 ($1.16) price target on the stock. Citigroup Inc.’s target price would suggest a potential upside of 22.03% from the stock’s current price.
A number of other equities research analysts also recently weighed in on the stock. Barclays PLC restated an “overweight” rating and issued a GBX 100 ($1.29) price target on shares of Ophir Energy Plc in a research note on Friday. Macquarie restated an “outperform” rating and issued a GBX 107 ($1.38) price target on shares of Ophir Energy Plc in a research note on Tuesday. Deutsche Bank AG restated a “buy” rating and issued a GBX 100 ($1.29) price target on shares of Ophir Energy Plc in a research note on Wednesday. Jefferies Group LLC raised their price target on shares of Ophir Energy Plc from GBX 75 ($0.97) to GBX 82 ($1.06) and gave the company a “hold” rating in a research note on Tuesday, August 29th. Finally, GMP Securities restated a “reduce” rating on shares of Ophir Energy Plc in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 101.75 ($1.31).
Ophir Energy Plc (LON:OPHR) traded down 1.67% during trading on Friday, reaching GBX 73.75. 817,423 shares of the company’s stock were exchanged. The firm’s market cap is GBX 520.75 million. The stock’s 50 day moving average price is GBX 74.64 and its 200 day moving average price is GBX 82.28. Ophir Energy Plc has a 52-week low of GBX 67.00 and a 52-week high of GBX 103.41.
About Ophir Energy Plc
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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