Ophir Energy (LON: OPHR)‘s stock had its “buy” rating reiterated by equities research analysts at Goldman Sachs in a research note issued to investors on Wednesday.

A number of other analysts have also recently weighed in on OPHR. Analysts at Investec Securities upgraded shares of Ophir Energy to a “buy” rating in a research note to investors on Tuesday. They now have a $7.82 price target on the stock, down previously from $10.03. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Ophir Energy in a research note to investors on Tuesday. They now have a $12.03 price target on the stock. Finally, analysts at Nomura cut their price target on shares of Ophir Energy from $11.27 to $10.93 in a research note to investors on Tuesday. They now have a “buy” rating on the stock.

Ophir Energy opened at 511.50 on Wednesday. Ophir Energy has a 1-year low of GBX 391.30 and a 1-year high of GBX 655.00. The stock’s 50-day moving average is currently GBX 608.9.

Ophir Energy plc is an independent oil and gas exploration business with a focus on Africa. The principal activities of the Company are exploration for oil and gas, predominantly in deepwater acreage in eight jurisdictions in East and West Africa.

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