Ophir Energy Plc (OPHR) Stock Rating Upgraded by Macquarie

Macquarie upgraded shares of Ophir Energy Plc (LON:OPHR) to an outperform rating in a report issued on Monday, July 17th. They currently have GBX 85 ($1.12) price objective on the stock, down from their prior price objective of GBX 89 ($1.17).

A number of other analysts have also recently weighed in on OPHR. Barclays PLC reaffirmed an overweight rating and issued a GBX 100 ($1.32) price objective on shares of Ophir Energy Plc in a report on Friday, July 14th. GMP Securities reissued a reduce rating on shares of Ophir Energy Plc in a research note on Wednesday, July 5th. Deutsche Bank AG lowered their target price on shares of Ophir Energy Plc from GBX 120 ($1.58) to GBX 100 ($1.32) and set a buy rating on the stock in a research note on Thursday, July 6th. Canaccord Genuity lowered their target price on shares of Ophir Energy Plc from GBX 125 ($1.65) to GBX 110 ($1.45) and set a buy rating on the stock in a research note on Friday, May 26th. Finally, Credit Suisse Group raised their target price on shares of Ophir Energy Plc from GBX 100 ($1.32) to GBX 110 ($1.45) and gave the company an outperform rating in a research note on Friday, March 24th. 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 stock. The stock currently has a consensus rating of Hold and an average price target of GBX 97.50 ($1.29).

Shares of Ophir Energy Plc (OPHR) remained flat at GBX 72.00 on Monday. The stock had a trading volume of 302,595 shares. The firm has a 50 day moving average price of GBX 77.21 and a 200 day moving average price of GBX 86.58. The stock’s market cap is GBX 508.39 million. Ophir Energy Plc has a 12 month low of GBX 64.50 and a 12 month 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.