Ophir Energy Plc (OPHR) PT Lowered to GBX 88 at Jefferies Group
Ophir Energy Plc (LON:OPHR) had its price target trimmed by Jefferies Group from GBX 97 ($1.20) to GBX 88 ($1.09) in a research note published on Thursday. The firm currently has a hold rating on the stock.
Several other research analysts also recently commented on the company. Morgan Stanley initiated coverage on Ophir Energy Plc in a report on Tuesday, July 19th. They set an equal weight rating and a GBX 90 ($1.11) price objective on the stock. Barclays PLC raised their price objective on Ophir Energy Plc from GBX 110 ($1.36) to GBX 125 ($1.55) and gave the stock an overweight rating in a report on Thursday, June 9th. Deutsche Bank AG reaffirmed a buy rating on shares of Ophir Energy Plc in a research report on Monday, July 25th. Liberum Capital raised Ophir Energy Plc to a hold rating and increased their target price for the company from GBX 67 ($0.83) to GBX 72 ($0.89) in a research report on Wednesday, June 29th. Finally, Canaccord Genuity reaffirmed a hold rating and set a GBX 80 ($0.99) target price on shares of Ophir Energy Plc in a research report on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 90.08 ($1.11).
Shares of Ophir Energy Plc (LON:OPHR) opened at 82.00 on Thursday. Ophir Energy Plc has a 52-week low of GBX 63.49 and a 52-week high of GBX 107.80. The company’s 50-day moving average price is GBX 75.86 and its 200-day moving average price is GBX 73.22. The stock’s market cap is GBX 575.75 million.
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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