Ophir Energy (OPHR) Price Target Lowered to GBX 85 at Deutsche Bank
Ophir Energy (LON:OPHR) had its target price decreased by Deutsche Bank from GBX 100 ($1.38) to GBX 85 ($1.17) in a research note released on Thursday morning. Deutsche Bank currently has a buy rating on the stock.
OPHR has been the subject of a number of other reports. Barclays restated an equal weight rating and issued a GBX 85 ($1.17) price target on shares of Ophir Energy in a research note on Wednesday, January 31st. Credit Suisse Group dropped their price target on Ophir Energy from GBX 85 ($1.17) to GBX 80 ($1.11) and set a neutral rating on the stock in a research note on Friday, November 24th. Canaccord Genuity reaffirmed a hold rating and set a GBX 75 ($1.04) price target on shares of Ophir Energy in a research note on Wednesday, January 17th. Finally, Jefferies Group reaffirmed a buy rating and set a GBX 90 ($1.24) price target on shares of Ophir Energy in a research note on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 87.29 ($1.21).
Ophir Energy (LON OPHR) opened at GBX 56.20 ($0.78) on Thursday. The firm has a market capitalization of $399.50 and a P/E ratio of -510.91. Ophir Energy has a one year low of GBX 51 ($0.70) and a one year high of GBX 93.75 ($1.30).
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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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