brokers update17 Jun 2015 15:30
Ophir Energy Plc Earns “Buy” Rating from Jefferies Group (OPHR)
Posted by Reagan on Jun 16th, 2015 // No Comments
Ophir Energy Plc logoJefferies Group reissued their buy rating on shares of Ophir Energy Plc (LON:OPHR) in a research note released on Monday morning.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a hold rating and set a GBX 165 ($2.57) price target on shares of Ophir Energy Plc in a research note on Friday, June 12th. Analysts at Barclays upgraded shares of Ophir Energy Plc to an overweight rating and raised their price target for the stock from GBX 200 ($3.11) to GBX 225 ($3.50) in a research note on Friday, May 29th. Analysts at JPMorgan Chase & Co. lowered their price target on shares of Ophir Energy Plc from GBX 177 ($2.75) to GBX 158 ($2.46) and set a neutral rating on the stock in a research note on Tuesday, May 26th. Finally, analysts at RBC Capital upgraded shares of Ophir Energy Plc to an outperform rating and lowered their price target for the stock from GBX 240 ($3.73) to GBX 230 ($3.58) in a research note on Friday, May 15th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of GBX 203.86 ($3.17).
Shares of Ophir Energy Plc (LON:OPHR) opened at 119.90 on Monday. Ophir Energy Plc has a 52 week low of GBX 112.70 and a 52 week high of GBX 256.40. The stock has a 50-day moving average of GBX 137. and a 200-day moving average of GBX 138.. The company’s market cap is £694.10 million.
Ophir Energy plc is an independent oil and gas exploration business with a focus on Africa. The principal activities of the Company are exploration for oil and gas, predominantly in deepwater acreage in eight jurisdictions in East and West Africa. The company has a diversified portfolio of assets across East and West Africa comprised of 20 licenses, 18 offshore and 2 onshore, located in 10 countries including Tanzania, Kenya, Equatorial Guinea and Gabon.