Brokerages Set Ophir Energy Plc (OPHR) Target Price at $77.60
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).
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.
Recommended Story: Price to Earnings Ratio (PE) Basics
Receive News & Ratings for Ophir Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ophir Energy and related companies with MarketBeat.com's FREE daily email newsletter.