Zacks Investment Research upgraded shares of OPHIR ENERGY PL/ADR (OTCMKTS:OPHRY) from a sell rating to a hold rating in a research report report published on Saturday morning, Zacks.com reports.

According to Zacks, “Ophir Energy Plc is an exploration company which focuses on oil and gas prospects primarily in Africa. Ophir Energy Plc is headquartered in London, the United Kingdom. “

Separately, Jefferies Financial Group cut OPHIR ENERGY PL/ADR from a buy rating to a hold rating in a research report on Friday, March 22nd.

Shares of OTCMKTS OPHRY opened at $1.40 on Friday. The stock has a market capitalization of $494.98 million, a P/E ratio of -4.38 and a beta of 0.71. OPHIR ENERGY PL/ADR has a 52-week low of $0.50 and a 52-week high of $1.79.

About OPHIR ENERGY PL/ADR

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.

Further Reading: Asset Allocation, Balancing Your Investments

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