Ophir Energy Plc (OPHR) Given New GBX 88 Price Target at Jefferies Group
Ophir Energy Plc (LON:OPHR) had its price target lowered by Jefferies Group from GBX 97 ($1.27) to GBX 88 ($1.15) in a research note issued to investors on Thursday. The brokerage currently has a hold rating on the stock.
A number of other equities research analysts have also weighed in on the company. Deutsche Bank AG lifted their target price on Ophir Energy Plc from GBX 90 ($1.17) to GBX 95 ($1.24) and gave the company a buy rating in a research report on Friday, September 30th. Barclays PLC reaffirmed an overweight rating and set a GBX 125 ($1.63) target price on shares of Ophir Energy Plc in a research report on Monday, September 26th. Citigroup Inc. reaffirmed a neutral rating on shares of Ophir Energy Plc in a research report on Monday, September 19th. Credit Suisse Group AG reaffirmed an underperform rating and set a GBX 70 ($0.91) target price on shares of Ophir Energy Plc in a research report on Friday, September 16th. Finally, Macquarie decreased their target price on Ophir Energy Plc from GBX 75 ($0.98) to GBX 71 ($0.93) and set a neutral rating for the company in a research report on Friday, September 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Ophir Energy Plc currently has a consensus rating of Hold and an average price target of GBX 90.08 ($1.18).
Ophir Energy Plc (LON:OPHR) traded down 3.10% on Thursday, reaching GBX 78.25. The company’s stock had a trading volume of 1,115,161 shares. The firm’s 50 day moving average price is GBX 75.59 and its 200-day moving average price is GBX 73.35. The company’s market capitalization is GBX 549.42 million. Ophir Energy Plc has a 1-year low of GBX 63.49 and a 1-year high of GBX 107.80.
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 Other. The Other segment includes the corporate centers in the United Kingdom, Australia and Singapore.
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