Ophir Energy (LON:OPHR) Upgraded to “Overweight” by Barclays

Barclays upgraded shares of Ophir Energy (LON:OPHR) to an overweight rating in a report released on Wednesday, April 11th.

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).

How to Become a New Pot Stock Millionaire

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).

COPYRIGHT VIOLATION WARNING: This news story was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://stocknewstimes.com/2018/04/22/barclays-upgrades-ophir-energy-ophr-to-overweight.html.



About Ophir Energy

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.

Analyst Recommendations for Ophir Energy (LON:OPHR)

Receive News & Ratings for Ophir Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ophir Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply