Ophir Energy Plc (OPHR) Receives Average Recommendation of “Buy” from Analysts
Ophir Energy Plc (LON:OPHR) has earned an average rating of “Buy” from the ten analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is GBX 99.63 ($1.32).
OPHR has been the subject of a number of analyst reports. Deutsche Bank AG restated a “buy” rating and issued a GBX 100 ($1.33) price target on shares of Ophir Energy Plc in a research report on Thursday, July 13th. Barclays PLC reiterated an “overweight” rating and set a GBX 100 ($1.33) target price on shares of Ophir Energy Plc in a research report on Friday, September 15th. Macquarie cut their target price on Ophir Energy Plc from GBX 94 ($1.25) to GBX 89 ($1.18) and set a “neutral” rating for the company in a research report on Wednesday, June 21st. Jefferies Group LLC upgraded Ophir Energy Plc to a “hold” rating and set a GBX 75 ($0.99) target price for the company in a research report on Monday, July 24th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a GBX 90 ($1.19) target price on shares of Ophir Energy Plc in a research report on Friday, September 15th.
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Shares of Ophir Energy Plc (LON OPHR) remained flat at GBX 73.75 during mid-day trading on Friday. 373,245 shares of the stock traded hands. The firm’s market cap is GBX 520.85 million. Ophir Energy Plc has a 12-month low of GBX 67.00 and a 12-month high of GBX 103.41. The company’s 50 day moving average is GBX 74.81 and its 200-day moving average is GBX 80.55.
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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