Ophir Energy’s (OPHR) Hold Rating Reaffirmed at Canaccord Genuity

Ophir Energy (LON:OPHR)‘s stock had its “hold” rating reaffirmed by research analysts at Canaccord Genuity in a note issued to investors on Wednesday. They currently have a GBX 75 ($1.02) target price on the stock. Canaccord Genuity’s price objective points to a potential upside of 5.78% from the company’s previous close.

A number of other equities research analysts have also issued reports on OPHR. Jefferies Group reaffirmed a “buy” rating and issued a GBX 90 ($1.22) target price on shares of Ophir Energy in a research note on Wednesday, October 4th. Macquarie reaffirmed an “outperform” rating and issued a GBX 106 ($1.44) target price on shares of Ophir Energy in a research note on Tuesday, October 10th. Barclays reaffirmed an “overweight” rating and issued a GBX 100 ($1.36) target price on shares of Ophir Energy in a research note on Monday. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 80 ($1.08) target price on shares of Ophir Energy in a research note on Monday, January 8th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a GBX 100 ($1.36) target price on shares of Ophir Energy in a research note on Friday, November 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 91.57 ($1.24).

Ophir Energy (LON OPHR) traded down GBX 1.70 ($0.02) during mid-day trading on Wednesday, reaching GBX 70.90 ($0.96). The company had a trading volume of 798,430 shares, compared to its average volume of 717,380. Ophir Energy has a 12-month low of GBX 58.50 ($0.79) and a 12-month high of GBX 97.50 ($1.32). The stock has a market cap of $504.93 and a price-to-earnings ratio of -590.83.

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Ophir Energy 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.

Analyst Recommendations for Ophir Energy (LON:OPHR)

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