Ophir Energy Plc (OPHR) Earns Underperform Rating from Credit Suisse Group AG
Credit Suisse Group AG restated their underperform rating on shares of Ophir Energy Plc (LON:OPHR) in a research report sent to investors on Friday morning. The brokerage currently has a GBX 70 ($0.91) price objective on the stock.
A number of other research analysts have also issued reports on the company. Macquarie reduced their price target on Ophir Energy Plc from GBX 75 ($0.98) to GBX 71 ($0.93) and set a neutral rating for the company in a research report on Friday, September 16th. FirstEnergy Capital reiterated a market perform rating and set a GBX 85 ($1.11) price target on shares of Ophir Energy Plc in a research report on Thursday, September 15th. Deutsche Bank AG reiterated a buy rating on shares of Ophir Energy Plc in a research report on Thursday, September 15th. Canaccord Genuity reiterated a hold rating and set a GBX 80 ($1.04) price target on shares of Ophir Energy Plc in a research report on Wednesday, August 31st. Finally, Barclays PLC reiterated an overweight rating and set a GBX 125 ($1.63) price target on shares of Ophir Energy Plc in a research report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. Ophir Energy Plc has an average rating of Hold and a consensus price target of GBX 90.42 ($1.18).
Shares of Ophir Energy Plc (LON:OPHR) opened at 76.2775 on Friday. Ophir Energy Plc has a 12-month low of GBX 63.49 and a 12-month high of GBX 107.80. The stock’s market cap is GBX 535.57 million. The stock’s 50 day moving average is GBX 72.55 and its 200-day moving average is GBX 73.89.
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 Other. The Other segment includes the corporate centers in the United Kingdom, Australia and Singapore.
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