Ophir Energy Plc’s (OPHR) Overweight Rating Reaffirmed at Barclays PLC
Barclays PLC reiterated their overweight rating on shares of Ophir Energy Plc (LON:OPHR) in a research report sent to investors on Friday morning. They currently have a GBX 100 ($1.35) target price on the stock.
Several other brokerages also recently weighed in on OPHR. Canaccord Genuity reduced their target price on shares of Ophir Energy Plc from GBX 125 ($1.69) to GBX 110 ($1.48) and set a buy rating on the stock in a research note on Friday, May 26th. GMP Securities reissued a reduce rating on shares of Ophir Energy Plc in a research note on Wednesday, July 5th. Deutsche Bank AG reissued a buy rating and issued a GBX 120 ($1.62) target price on shares of Ophir Energy Plc in a research note on Wednesday, June 7th. Macquarie reduced their target price on shares of Ophir Energy Plc from GBX 94 ($1.27) to GBX 89 ($1.20) and set a neutral rating on the stock in a research note on Wednesday, June 21st. Finally, Jefferies Group LLC increased their target price on shares of Ophir Energy Plc from GBX 75 ($1.01) to GBX 82 ($1.11) and gave the company a hold rating in a research note on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of GBX 99.63 ($1.34).
Shares of Ophir Energy Plc (OPHR) opened at 74.75 on Friday. The stock’s 50 day moving average is GBX 74.71 and its 200-day moving average is GBX 82.00. The company’s market cap is GBX 527.81 million. Ophir Energy Plc has a 52 week low of GBX 67.00 and a 52 week high of GBX 103.41.
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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