Latest Share Chat

OPHR.L Share News (OPHR)

OPHR.L Information

There is currently no data for OPHR

FTSE 250 movers: IMI downgrade sees market dip into red

Mon, 25th Jan 2016 15:11

(ShareCast News) - The FTSE 250 was flip-flopping between the black and the red on Monday, with the second-tier market relatively flat by mid-afternoon, down just 9.12 points (0.06%) to 16,118.87.IMI took the biggest hit after Credit Suisse downgraded the engineer from 'neutral' to 'underperform' and dropped its target price from 870p to 710p.The investment bank said the decision was based on a number of factors. "The current share price discounting a ROIC of 16% versus our average forecast for 2015-17 of 12%, cash conversion in 2016-17 below both IMI's through cycle average and the sector average, a demanding valuation for no earnings growth and also potential downside risk to group EPS from further deterioration in revenue and margins in Critical in 2016E."In the same report, the Swiss broker downgraded its view on shares of Spectris.Sinking oil prices saw oil and gas producers and service providers drop again. After rising late last week in anticipation of the blizzard which hit the US eastern seaboard, it started to fall again after HSBC cut its oil price forecast for the rest of the year to around $45 per barrel, compared to the $60 it had previously expected. The bank said the market was oversupplied by an estimated 2m barrels a day in 2015. That caused Tullow Oil, Weir Group and Petrofac to feature in the fallers list.However it wasn't all bad news for the sector, with Ophir Energy bucking the trend. Shares were up after the company announced it had signed a non-binding head of terms agreement with Schlumberger, which will receive a 40% interest in the company's Fortuna project in Equatorial Guinea.Under the definitive agreement, which is expected to be signed in the second quarter, Schlumberger will reimburse 50% of Ophir's past costs in the form of a development carried interest. This is expected to cover Ophir's share of capital expenditures up until first sales of liquefied natural gas. FTSE 250 - RisersOphir Energy (OPHR) 90.00p 6.95%Allied Minds (ALM) 286.60p 6.94%Ted Baker (TED) 2,779.00p 5.27%Genus (GNS) 1,436.00p 4.97%Zoopla Property Group (WI) (ZPLA) 212.10p 4.23%JD Sports Fashion (JD.) 1,141.00p 4.01%Betfair Group (BET) 4,041.00p 3.88%Card Factory (CARD) 353.20p 3.85%SSP Group (SSPG) 291.50p 3.85%Telecom Plus (TEP) 960.00p 3.45%FTSE 250 - FallersIMI (IMI) 762.00p -6.10%Tullow Oil (TLW) 139.70p -5.48%Weir Group (WEIR) 842.50p -4.91%Amec Foster Wheeler (AMFW) 379.40p -4.79%Spectris (SXS) 1,550.00p -4.50%Aggreko (AGK) 790.00p -3.72%AO World (AO.) 150.00p -3.35%Petrofac Ltd. (PFC) 714.50p -3.32%Northgate (NTG) 338.40p -2.76%Brown (N.) Group (BWNG) 300.30p -2.56%

More News

30 Nov 2016 12:53

Broker tips: Ophir, Capita, Croda

(ShareCast News) - Ophir Energy's shares gushed higher after Canaccord Genuity upgraded the stock to 'buy' from 'hold' and lifted the target price to 105p from 80p. Canaccord cited Ophir's newly formed joint operating company (JOC) with OneLNG to develop the Fotuna gasfield offshore Equatorial Guine

30 Nov 2016 12:27

Ophir Energy rallies on Canaccord upgrade

28 Nov 2016 21:23

UPDATE 1-Mexico certifies bidders for December deep water oil auctions

(Adds comments from Zepeda, CNH president, paragraphs 9-11) MEXICO CITY, Nov 28 (Reuters) - Mexico's oil regulator announced on Monday a final list of 17 oil companies representing a dozen countries that have pre-qualified to bid on the country's first-ever deep water oil auctions, set for

28 Nov 2016 20:53

CORRECTED-Mexico certifies bidders for December deep water oil auctions

(Corrects paragraph 6 to add additional certified company, Inpex; adds stock symbols missing from paragraphs 5 and 6) MEXICO CITY, Nov 28 (Reuters) - Mexico's oil regulator announced on Monday a final list of 17 oil companies representing a dozen countries that have pre-qualified to bid on

17 Nov 2016 13:00

Thursday broker round-up

(ShareCast News) - Kingfisher: HSBC reiterates hold with a target price of 380p. Astrazeneca: Berenberg reiterates buy with a 55p target. Aggreko: Jefferies stays at hold with a 750p target. Easyjet: Barclays reiterates equal-weight rating with a 1000p target. Amec Foster Wheeler: UBS keeps at ne

16 Nov 2016 17:04

Final investment decision on Tanzania LNG plant still 5 yrs away -Statoil

By Katharine Houreld DAR ES SALAAM, Nov 16 (Reuters) - The final investment decision on a Tanzania's $30 billion onshore liquefied natural gas (LNG) export terminal will not be made for at least five years and possibly much longer, said Oystein Michelsen, Statoil's Tanzania country manager.

1 Nov 2016 09:38

Ophir says does not need partners for upstream floating LNG project in Equatorial Guinea

By Ed Stoddard CAPE TOWN, Nov 1 (Reuters) - Ophir Energy can go ahead with its Fortuna floating liquefied natural gas project off Equatorial Guinea with or without new partners because the cost estimates have halved to around $450 million, a senior executive said on Tuesday. "The capi

30 Sep 2016 10:06

Friday broker round-up

(ShareCast News) - Vodafone: UBS reiterates buy with a target price of 310p. British Land: HSBC reiterantes buy, 738p target. Ophir Energy: Deutsche Bank keeps at neutral with a 95p target. Homeserve: UBS reiterates neutral with a 610p target. Intercontinental Hotels: Credit Suisse keeps at outpe

30 Sep 2016 08:27

BROKER RATINGS SUMMARY: Split View On Capita As Two Raise, Three Cut

16 Sep 2016 10:54

Friday broker round-up

(ShareCast News) - Admiral Group: Berenberg reiterates hold with a target price of 1804p. Vodafone: Barclays reiterates overweight, 260p target. Next: HSBC keeps at hold with a 4485p target. Asos: JP Morgan reiterates overweight with a 5400p target. Moneysupermarket: RBC stays at outperform with

22 Aug 2016 16:00

Tanzania's President Magufuli orders officials to speed up LNG project

By Fumbuka Ng'wanakilala DAR ES SALAAM, Aug 22 (Reuters) - Tanzanian president John Magufuli ordered officials on Monday to speed up long-delayed work on a planned liquefied natural gas (LNG) plant, saying implementation of the project had taken too long. BG Group, recently acquired b

10 Aug 2016 10:11

Wednesday broker round-up

(ShareCast News) - Ibstock: Jefferies reiterates buy with a target price of 190p. Legal & General: Barclays maintains equal-weight with a 194p target. Glencore: UBS reiterates buy with a 220p target. Booker: HSBC stays at neutral with a 200p target. Spire Healthcare: Berenberg reiterates buy with

29 Jun 2016 08:48

BROKER RATINGS SUMMARY: Merrill Lynch Upgrades Burberry To Buy

21 Jun 2016 14:46

Barclays names Ophir Energy 'top-pick', upgrades Premier Oil

(ShareCast News) - Analysts at Barclays re-jigged their recommendations on European Exploration and Production companies in order to take into account the recent rise in crude oil prices and improved investor sentiment regarding companies´ ability to execute to plan operationally. In the process

6 Jun 2016 17:06

UPDATE 1-Equatorial Guinea says Schlumberger walked away from Fortuna project

(Updates with quote, details) CAPE TOWN, June 6 (Reuters) - Equatorial Guinea's energy minister on Monday said Schlumberger had walked away from the country's Fortuna floating liquefied natural gas (FLNG) project but he also said he was confident it would be successful. Fortuna, Afric

Latest Share Chat

OPHR.L Share News (OPHR)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

FTSE 250 movers: IMI downgrade sees market dip into red

Login to your account

Quickpicks are a member only feature

Login to your account