Macquarie reissued their outperform rating on shares of Ophir Energy Plc (LON:OPHR) in a research note published on Tuesday morning. Macquarie currently has a GBX 106 ($1.39) target price on the stock.
Several other research analysts also recently weighed in on OPHR. Barclays PLC reduced their price target on shares of Ophir Energy Plc from GBX 110 ($1.45) to GBX 100 ($1.31) and set an overweight rating for the company in a research report on Thursday, June 22nd. GMP Securities restated a reduce rating on shares of Ophir Energy Plc in a research report on Wednesday, July 5th. Deutsche Bank AG reduced their price target on shares of Ophir Energy Plc from GBX 120 ($1.58) to GBX 100 ($1.31) and set a buy rating for the company in a research report on Thursday, July 6th. Jefferies Group LLC upgraded shares of Ophir Energy Plc to a hold rating and set a GBX 75 ($0.99) price target for the company in a research report on Monday, July 24th. Finally, Citigroup Inc. restated a neutral rating and set a GBX 90 ($1.18) price target on shares of Ophir Energy Plc in a research report on Friday, September 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Ophir Energy Plc has an average rating of Buy and an average target price of GBX 99.50 ($1.31).
Ophir Energy Plc (LON OPHR) opened at 73.00 on Tuesday. The stock’s market cap is GBX 515.56 million. Ophir Energy Plc has a 12 month low of GBX 67.00 and a 12 month high of GBX 103.41. The stock’s 50 day moving average price is GBX 74.37 and its 200-day moving average price is GBX 80.13.
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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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