Ophir Energy Plc’s (OPHR) Buy Rating Reaffirmed at Deutsche Bank AG
Deutsche Bank AG reissued their buy rating on shares of Ophir Energy Plc (LON:OPHR) in a research report released on Tuesday morning, Marketbeat reports. The firm currently has a GBX 100 ($1.30) target price on the stock.
A number of other analysts have also recently weighed in on the stock. Jefferies Group LLC cut shares of Ophir Energy Plc to an underperform rating and lowered their price target for the company from GBX 95 ($1.23) to GBX 75 ($0.97) in a report on Wednesday, May 17th. Barclays PLC restated an overweight rating on shares of Ophir Energy Plc in a report on Wednesday, May 3rd. Canaccord Genuity lowered their price target on shares of Ophir Energy Plc from GBX 125 ($1.62) to GBX 110 ($1.43) and set a buy rating on the stock in a report on Friday, May 26th. Macquarie lowered their price target on shares of Ophir Energy Plc from GBX 94 ($1.22) to GBX 89 ($1.16) and set a neutral rating on the stock in a report on Wednesday, June 21st. Finally, GMP Securities restated a reduce rating on shares of Ophir Energy Plc in a report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 97.50 ($1.27).
Ophir Energy Plc (LON:OPHR) opened at 78.00 on Tuesday. The firm’s market cap is GBX 550.76 million. Ophir Energy Plc has a one year low of GBX 67.00 and a one year high of GBX 103.41. The stock’s 50 day moving average is GBX 73.74 and its 200 day moving average is GBX 84.44.
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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