Shares of Ophir Energy Plc (LON:OPHR) have earned a consensus rating of “Buy” from the ten ratings firms that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 77.60 ($1.01).

A number of research analysts have recently commented on the stock. BMO Capital Markets lowered shares of Ophir Energy to a “market perform” rating in a research report on Friday, June 1st. Jefferies Financial Group lowered shares of Ophir Energy to a “hold” rating in a research report on Monday, June 11th. Peel Hunt reaffirmed a “hold” rating on shares of Ophir Energy in a research report on Thursday, September 13th. Citigroup cut their price objective on shares of Ophir Energy from GBX 90 ($1.17) to GBX 42 ($0.55) and set a “neutral” rating for the company in a research report on Monday, September 17th. Finally, UBS Group reaffirmed a “buy” rating on shares of Ophir Energy in a research report on Friday, September 14th.

Shares of OPHR traded down GBX 0.95 ($0.01) during trading hours on Friday, reaching GBX 37.85 ($0.49). 2,400,220 shares of the company traded hands, compared to its average volume of 1,150,000. Ophir Energy has a 1-year low of GBX 51 ($0.66) and a 1-year high of GBX 93.75 ($1.22).

In other Ophir Energy news, insider Vivien Gibney bought 30,000 shares of the stock in a transaction that occurred on Thursday, September 13th. The shares were acquired at an average price of GBX 38 ($0.49) per share, with a total value of £11,400 ($14,849.55). Also, insider David Davies bought 130,819 shares of the stock in a transaction that occurred on Tuesday, September 18th. The stock was acquired at an average cost of GBX 38 ($0.49) per share, for a total transaction of £49,711.22 ($64,753.45).

Ophir Energy Company Profile

Ophir Energy plc engages in the exploration, development, and production of upstream oil and gas properties in Asia and Africa. The company develops offshore and deep-water oil and gas exploration assets. It has 1 billion barrel of oil equivalent of reserves and resources. Ophir Energy plc was founded in 2004 and is headquartered in London, the United Kingdom.

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Analyst Recommendations for Ophir Energy (LON:OPHR)

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