Peel Hunt restated their hold rating on shares of Ophir Energy (LON:OPHR) in a report issued on Tuesday.

Several other research firms have also issued reports on OPHR. UBS Group raised their price target on Ophir Energy from GBX 53 ($0.69) to GBX 80 ($1.04) and gave the stock a buy rating in a research report on Friday, September 7th. Citigroup reduced their price target on Ophir Energy from GBX 90 ($1.17) to GBX 42 ($0.55) and set a neutral rating on the stock in a research report on Monday, September 17th. Jefferies Financial Group lowered Ophir Energy to a hold rating in a research report on Monday, June 11th. Finally, BMO Capital Markets lowered Ophir Energy to a market perform rating in a research report on Friday, June 1st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of GBX 77.33 ($1.01).

LON:OPHR opened at GBX 38.50 ($0.50) on Tuesday. Ophir Energy has a 12-month low of GBX 51 ($0.66) and a 12-month high of GBX 93.75 ($1.22).

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

About Ophir Energy

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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