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.

WARNING: “Ophir Energy Plc’s (OPHR) Overweight Rating Reaffirmed at Barclays PLC” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/19/ophir-energy-plcs-ophr-overweight-rating-reaffirmed-at-barclays-plc.html.

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.

Analyst Recommendations for Ophir Energy Plc (LON:OPHR)

Receive News & Stock Ratings for Ophir Energy Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ophir Energy Plc and related stocks with our FREE daily email newsletter.