Ophir Energy Plc (LON:OPHR) Given Consensus Recommendation of “Hold” by Analysts

Ophir Energy Plc (LON:OPHR) has earned an average recommendation of “Hold” from the fourteen ratings firms that are covering the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 90.83 ($1.19).

Several equities analysts have recently weighed in on OPHR shares. Morgan Stanley started coverage on Ophir Energy Plc in a research note on Tuesday, July 19th. They issued an “equal weight” rating and a GBX 90 ($1.17) price objective on the stock. Barclays PLC lifted their price objective on Ophir Energy Plc from GBX 110 ($1.44) to GBX 125 ($1.63) and gave the company an “overweight” rating in a research note on Thursday, June 9th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Ophir Energy Plc in a research note on Monday, July 25th. Liberum Capital upgraded Ophir Energy Plc to a “hold” rating and raised their target price for the company from GBX 67 ($0.87) to GBX 72 ($0.94) in a report on Wednesday, June 29th. Finally, Canaccord Genuity reiterated a “hold” rating and set a GBX 80 ($1.04) target price on shares of Ophir Energy Plc in a report on Wednesday, August 31st.

Shares of Ophir Energy Plc (LON:OPHR) traded up 1.92% during trading on Wednesday, reaching GBX 79.75. The company had a trading volume of 1,047,814 shares. Ophir Energy Plc has a 52-week low of GBX 63.49 and a 52-week high of GBX 107.80. The firm has a 50-day moving average price of GBX 75.40 and a 200-day moving average price of GBX 73.30. The company’s market capitalization is GBX 559.95 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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