Ophir Energy’s (OPHR) “Hold” Rating Reaffirmed at Canaccord Genuity
Canaccord Genuity reissued their hold rating on shares of Ophir Energy (LON:OPHR) in a report released on Wednesday morning. Canaccord Genuity currently has a GBX 75 ($1.02) target price on the stock.
A number of other equities research analysts have also recently commented on the company. Barclays reissued an overweight rating and issued a GBX 100 ($1.36) price objective on shares of Ophir Energy in a research note on Monday. Credit Suisse Group reissued an outperform rating and issued a GBX 80 ($1.08) price objective on shares of Ophir Energy in a research note on Monday, January 8th. Jefferies Group reissued a buy rating and issued a GBX 90 ($1.22) price objective on shares of Ophir Energy in a research note on Wednesday, December 20th. Deutsche Bank reissued a buy rating and issued a GBX 100 ($1.36) price objective on shares of Ophir Energy in a research note on Friday, November 24th. Finally, Macquarie reissued an outperform rating and issued a GBX 106 ($1.44) price objective on shares of Ophir Energy in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of GBX 91.57 ($1.24).
Shares of Ophir Energy (OPHR) traded down GBX 1.40 ($0.02) during trading on Wednesday, reaching GBX 69.50 ($0.94). The company’s stock had a trading volume of 554,518 shares, compared to its average volume of 725,259. Ophir Energy has a 12-month low of GBX 58.50 ($0.79) and a 12-month high of GBX 97.50 ($1.32). The firm has a market capitalization of $494.42 and a PE ratio of -579.17.
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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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