Ophir Energy Plc (OPHR) Lifted to Outperform at Credit Suisse Group AG
Ophir Energy Plc (LON:OPHR) was upgraded by equities researchers at Credit Suisse Group AG to an “outperform” rating in a research report issued to clients and investors on Thursday. The brokerage currently has a GBX 100 ($1.25) price target on the stock, up from their previous price target of GBX 65 ($0.81). Credit Suisse Group AG’s price objective would indicate a potential upside of 29.87% from the company’s previous close.
A number of other equities research analysts also recently commented on the company. Barclays PLC restated an “overweight” rating and issued a GBX 125 ($1.56) target price on shares of Ophir Energy Plc in a research report on Thursday. Deutsche Bank AG lifted their target price on Ophir Energy Plc from GBX 95 ($1.19) to GBX 105 ($1.31) and gave the company a “buy” rating in a research report on Friday, November 11th. Davy Research restated a “neutral” rating on shares of Ophir Energy Plc in a research report on Thursday, November 10th. Jefferies Group cut their price objective on 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. Finally, Citigroup Inc. reiterated a “neutral” rating on shares of Ophir Energy Plc in a report on Monday, September 19th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 93.42 ($1.17).
Shares of Ophir Energy Plc (LON:OPHR) opened at 77.3516 on Thursday. The firm has a 50-day moving average price of GBX 76.18 and a 200-day moving average price of GBX 72.62. The stock’s market capitalization is GBX 543.11 million. Ophir Energy Plc has a 1-year low of GBX 63.49 and a 1-year 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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