Ophir Energy Plc (OPHR) Stock Rating Reaffirmed by Barclays PLC
Ophir Energy Plc (LON:OPHR)‘s stock had its “overweight” rating restated by research analysts at Barclays PLC in a research note issued to investors on Friday. They currently have a GBX 125 ($1.56) price objective on the stock. Barclays PLC’s target price suggests a potential upside of 62.34% from the company’s previous close.
OPHR has been the subject of a number of other research reports. Macquarie dropped their target price on shares of Ophir Energy Plc from GBX 75 ($0.94) to GBX 71 ($0.89) and set a “neutral” rating for the company in a research report on Friday, September 16th. Credit Suisse Group AG reissued an “underperform” rating and set a GBX 70 ($0.87) price objective on shares of Ophir Energy Plc in a report on Friday, September 16th. Deutsche Bank AG reissued a “buy” rating on shares of Ophir Energy Plc in a report on Thursday, September 15th. Citigroup Inc. reissued a “neutral” rating on shares of Ophir Energy Plc in a report on Monday, September 19th. Finally, Jefferies Group decreased their price objective on shares of Ophir Energy Plc from GBX 97 ($1.21) to GBX 88 ($1.10) and set a “hold” rating on the stock in a report on Thursday, October 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 90.92 ($1.14).
Shares of Ophir Energy Plc (LON:OPHR) opened at 77.00 on Friday. The firm’s market cap is GBX 540.64 million. The stock’s 50 day moving average is GBX 76.06 and its 200-day moving average is GBX 72.71. Ophir Energy Plc has a 12-month low of GBX 63.49 and a 12-month high of GBX 104.80.
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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