Canaccord Genuity Upgrades Ophir Energy Plc (OPHR) to Buy
Ophir Energy Plc (LON:OPHR) was upgraded by equities researchers at Canaccord Genuity to a “buy” rating in a research note issued to investors on Wednesday. The brokerage presently has a GBX 105 ($1.30) price objective on the stock, up from their prior price objective of GBX 80 ($0.99). Canaccord Genuity’s target price points to a potential upside of 37.70% from the stock’s current price.
Several other equities analysts have also weighed in on the company. Barclays PLC restated an “overweight” rating and set a GBX 125 ($1.55) target price on shares of Ophir Energy Plc in a report on Wednesday, August 10th. Deutsche Bank AG raised their target price on Ophir Energy Plc from GBX 95 ($1.18) to GBX 105 ($1.30) and gave the company a “buy” rating in a report on Friday, November 11th. Credit Suisse Group AG upgraded Ophir Energy Plc to an “outperform” rating and raised their target price for the company from GBX 65 ($0.81) to GBX 100 ($1.24) in a report on Thursday, November 17th. Davy Research restated a “neutral” rating on shares of Ophir Energy Plc in a report on Thursday, November 10th. Finally, Macquarie cut their target price on Ophir Energy Plc from GBX 75 ($0.93) to GBX 71 ($0.88) and set a “neutral” rating on the stock in a report on Friday, September 16th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Ophir Energy Plc presently has an average rating of “Buy” and an average target price of GBX 97.50 ($1.21).
Shares of Ophir Energy Plc (LON:OPHR) opened at 79.75 on Wednesday. The firm’s market capitalization is GBX 559.95 million. Ophir Energy Plc has a 12 month low of GBX 63.49 and a 12 month high of GBX 104.80. The stock’s 50 day moving average price is GBX 76.17 and its 200-day moving average price is GBX 73.12.
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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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