Barclays PLC Reiterates Overweight Rating for Ophir Energy Plc (OPHR)
Ophir Energy Plc (LON:OPHR)‘s stock had its “overweight” rating reissued by equities researchers at Barclays PLC in a report issued on Thursday. They currently have a GBX 125 ($1.56) price objective on the stock. Barclays PLC’s price objective points to a potential upside of 62.87% from the stock’s current price.
OPHR has been the subject of a number of other research reports. Macquarie decreased their price target 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 report on Friday, September 16th. Credit Suisse Group AG reaffirmed an “underperform” rating and issued a GBX 70 ($0.87) price target on shares of Ophir Energy Plc in a report on Friday, September 16th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Ophir Energy Plc in a report on Thursday, September 15th. Citigroup Inc. reaffirmed a “neutral” rating on shares of Ophir Energy Plc in a report on Monday, September 19th. Finally, Jefferies Group decreased their price target on shares of Ophir Energy Plc from GBX 97 ($1.21) to GBX 88 ($1.10) and set a “hold” rating for the company in a report on Thursday, October 6th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Ophir Energy Plc presently has an average rating of “Hold” and an average target price of GBX 93.42 ($1.17).
Ophir Energy Plc (LON:OPHR) opened at 77.50 on Thursday. The company’s market cap is GBX 544.15 million. The firm’s 50 day moving average is GBX 76.40 and its 200 day moving average is GBX 72.65. 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 are head-quartered in London, United Kingdom.
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