Ophir Energy Plc (OPHR) Receives Outperform Rating from Macquarie

Macquarie restated their outperform rating on shares of Ophir Energy Plc (LON:OPHR) in a research report released on Tuesday morning. The brokerage currently has a GBX 107 ($1.38) target price on the stock.

A number of other research analysts also recently issued reports on the stock. Deutsche Bank AG restated a buy rating and issued a GBX 120 ($1.55) price target on shares of Ophir Energy Plc in a research report on Wednesday, June 7th. Canaccord Genuity dropped their target price on shares of Ophir Energy Plc from GBX 125 ($1.61) to GBX 110 ($1.42) and set a buy rating on the stock in a research report on Friday, May 26th. Jefferies Group LLC upgraded shares of Ophir Energy Plc to a hold rating and set a GBX 75 ($0.97) target price on the stock in a research report on Monday, July 24th. Barclays PLC decreased their price target on shares of Ophir Energy Plc from GBX 110 ($1.42) to GBX 100 ($1.29) and set an overweight rating for the company in a research note on Thursday, June 22nd. Finally, GMP Securities restated a reduce rating on shares of Ophir Energy Plc in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 101.13 ($1.31).

Shares of Ophir Energy Plc (LON OPHR) opened at 74.25 on Tuesday. The company’s market capitalization is GBX 524.28 million. The firm’s 50-day moving average is GBX 74.38 and its 200 day moving average is GBX 82.52. Ophir Energy Plc has a 52 week low of GBX 67.00 and a 52 week high of GBX 103.41.

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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 are head-quartered in London, United Kingdom.

Analyst Recommendations for Ophir Energy Plc (LON:OPHR)

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