Macquarie upgraded shares of Ophir Energy Plc (LON:OPHR) to an outperform rating in a report released on Monday morning. The brokerage currently has GBX 95 ($1.18) price objective on the stock, up from their prior price objective of GBX 72 ($0.89).

Several other equities analysts have also commented on the company. Barclays PLC reissued an overweight rating and set a GBX 125 ($1.55) price objective on shares of Ophir Energy Plc in a research report on Wednesday, August 10th. Canaccord Genuity reissued a hold rating and set a GBX 80 ($0.99) price objective on shares of Ophir Energy Plc in a research report on Wednesday, August 31st. Deutsche Bank AG raised their price objective on Ophir Energy Plc from GBX 95 ($1.18) to GBX 105 ($1.30) and gave the company a buy rating in a research report on Friday, November 11th. Credit Suisse Group AG raised Ophir Energy Plc to an outperform rating and raised their price objective for the company from GBX 65 ($0.81) to GBX 100 ($1.24) in a research report on Thursday, November 17th. Finally, Davy Research reissued a neutral rating on shares of Ophir Energy Plc in a research report on Thursday, November 10th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Ophir Energy Plc currently has an average rating of Hold and an average price target of GBX 95.42 ($1.18).

Analyst Recommendations for Ophir Energy Plc (LON:OPHR)

Shares of Ophir Energy Plc (LON:OPHR) opened at 77.25 on Monday. The firm’s 50-day moving average is GBX 76.17 and its 200 day moving average is GBX 73.12. Ophir Energy Plc has a 12-month low of GBX 63.49 and a 12-month high of GBX 104.80. The stock’s market capitalization is GBX 542.40 million.

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Ophir Energy Plc 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.

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