A number of other equities analysts have also recently weighed in on the company. Barclays restated an equal weight rating on shares of Ophir Energy in a report on Thursday. Deutsche Bank reduced their target price on Ophir Energy from GBX 100 ($1.38) to GBX 85 ($1.17) and set a buy rating for the company in a research note on Thursday. Canaccord Genuity reiterated a hold rating and set a GBX 75 ($1.04) target price on shares of Ophir Energy in a research note on Wednesday, January 17th. Finally, Jefferies Group reiterated a buy rating and set a GBX 90 ($1.24) target price on shares of Ophir Energy in a research note on Wednesday, December 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Ophir Energy presently has an average rating of Hold and an average target price of GBX 87.29 ($1.21).
Ophir Energy (LON OPHR) opened at GBX 57.20 ($0.79) on Thursday. The firm has a market capitalization of $399.50 and a P/E ratio of -520.00. Ophir Energy has a fifty-two week low of GBX 51 ($0.70) and a fifty-two week high of GBX 93.75 ($1.30).
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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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