Deutsche Bank AG reiterated their buy rating on shares of Ophir Energy Plc (LON:OPHR) in a report released on Thursday morning.

Analyst Recommendations for Ophir Energy Plc (LON:OPHR)

Several other analysts have also recently issued reports on OPHR. JPMorgan Chase & Co. raised shares of Ophir Energy Plc to an overweight rating and set a GBX 100 ($1.31) price target on the stock in a report on Tuesday, May 24th. Barclays PLC reaffirmed an overweight rating and issued a GBX 125 ($1.63) price target on shares of Ophir Energy Plc in a report on Tuesday, June 21st. Canaccord Genuity reaffirmed a hold rating and issued a GBX 80 ($1.04) price target on shares of Ophir Energy Plc in a report on Wednesday, August 31st. Liberum Capital raised shares of Ophir Energy Plc to a hold rating and upped their price target for the company from GBX 67 ($0.87) to GBX 72 ($0.94) in a report on Wednesday, June 29th. Finally, Morgan Stanley began coverage on shares of Ophir Energy Plc in a report on Tuesday, July 19th. They issued an equal weight rating and a GBX 90 ($1.17) price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of GBX 90.42 ($1.18).

Shares of Ophir Energy Plc (LON:OPHR) opened at 75.25 on Thursday. The company has a 50 day moving average of GBX 72.55 and a 200 day moving average of GBX 73.89. The firm’s market cap is GBX 528.35 million. Ophir Energy Plc has a 52 week low of GBX 63.49 and a 52 week high of GBX 107.80.

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 Other. The Other segment includes the corporate centers in the United Kingdom, Australia and Singapore.

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