Other research analysts have also issued reports about the stock. Jefferies Group restated a buy rating and issued a GBX 90 ($1.29) target price on shares of Ophir Energy in a report on Wednesday, December 20th. UBS cut their price objective on shares of Ophir Energy from GBX 100 ($1.43) to GBX 53 ($0.76) and set a buy rating on the stock in a report on Wednesday, April 4th. Deutsche Bank dropped their target price on shares of Ophir Energy from GBX 100 ($1.43) to GBX 85 ($1.22) and set a buy rating for the company in a research report on Thursday, March 8th. Canaccord Genuity reaffirmed a hold rating and issued a GBX 75 ($1.07) price objective on shares of Ophir Energy in a research report on Wednesday, January 17th. Finally, Peel Hunt assumed coverage on Ophir Energy in a research note on Wednesday, March 21st. They set a hold rating and a GBX 70 ($1.00) target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Ophir Energy has a consensus rating of Buy and an average target price of GBX 81.56 ($1.17).
LON:OPHR opened at GBX 58.70 ($0.84) on Wednesday. Ophir Energy has a fifty-two week low of GBX 51 ($0.73) and a fifty-two week high of GBX 93.75 ($1.34).
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Ophir Energy plc operates as an independent upstream oil and gas exploration and production company in Asia, Africa, and internationally. The company develops offshore and deep-water oil and gas exploration assets. It holds 95% interests in Block AD-03 located in the Rakhine Basin in Myanmar; 23.3% interests in Block 5 located in the Sureste in the Gulf of Mexico; and 45% interests in Block CI-513 located in Cote d'Ivoire in West Africa.
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