Deutsche Bank AG Reiterates Buy Rating for Ophir Energy Plc (OPHR)

Deutsche Bank AG reiterated their buy rating on shares of Ophir Energy Plc (LON:OPHR) in a report issued on Thursday, July 13th. They currently have a GBX 100 ($1.30) price target on the stock.

Several other equities research analysts also recently issued reports on the company. Jefferies Group LLC downgraded Ophir Energy Plc to an underperform rating and reduced their price objective for the stock from GBX 95 ($1.24) to GBX 75 ($0.98) in a research note on Wednesday, May 17th. Barclays PLC reissued an overweight rating on shares of Ophir Energy Plc in a research note on Wednesday, May 3rd. Credit Suisse Group increased their price objective on Ophir Energy Plc from GBX 100 ($1.30) to GBX 110 ($1.43) and gave the stock an outperform rating in a research note on Friday, March 24th. Canaccord Genuity reduced their price objective on Ophir Energy Plc from GBX 125 ($1.63) to GBX 110 ($1.43) and set a buy rating for the company in a research note on Friday, May 26th. Finally, Macquarie reduced their price objective on Ophir Energy Plc from GBX 94 ($1.22) to GBX 89 ($1.16) and set a neutral rating for the company in a research note on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 97.50 ($1.27).

Ophir Energy Plc (OPHR) traded down 1.35% during mid-day trading on Thursday, reaching GBX 73.00. The company’s stock had a trading volume of 327,801 shares. The firm has a 50-day moving average of GBX 75.38 and a 200 day moving average of GBX 85.67. Ophir Energy Plc has a 1-year low of GBX 65.50 and a 1-year high of GBX 103.41. The firm’s market capitalization is GBX 515.56 million.

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Ophir Energy Plc Company Profile

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.

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