Ophir Energy (OPHR) Receives “Buy” Rating from Jefferies Group
Ophir Energy (LON:OPHR)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group in a research note issued on Wednesday. They presently have a GBX 90 ($1.21) price objective on the stock. Jefferies Group’s price target would indicate a potential upside of 34.33% from the stock’s current price.
Several other research analysts have also commented on the stock. Deutsche Bank restated a “buy” rating and issued a GBX 100 ($1.35) price objective on shares of Ophir Energy in a report on Friday, November 24th. Credit Suisse Group decreased their price objective on shares of Ophir Energy from GBX 85 ($1.14) to GBX 80 ($1.08) and set a “neutral” rating for the company in a report on Friday, November 24th. Macquarie restated an “outperform” rating and issued a GBX 106 ($1.43) price objective on shares of Ophir Energy in a report on Tuesday, October 10th. Citigroup restated a “neutral” rating and issued a GBX 90 ($1.21) price objective on shares of Ophir Energy in a report on Friday, September 15th. Finally, Barclays restated an “overweight” rating and issued a GBX 100 ($1.35) price objective on shares of Ophir Energy in a report on Friday, September 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Ophir Energy has a consensus rating of “Buy” and an average target price of GBX 96.57 ($1.30).
Shares of Ophir Energy (LON:OPHR) traded down GBX 0.25 ($0.00) during midday trading on Wednesday, reaching GBX 67 ($0.90). 468,831 shares of the company’s stock traded hands, compared to its average volume of 910,597. Ophir Energy has a 1-year low of GBX 58.50 ($0.79) and a 1-year high of GBX 103.41 ($1.39). The company has a market cap of $472.83 and a price-to-earnings ratio of -558.33.
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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