Ophir Energy (OPHR) Stock Rating Lowered by BMO Capital Markets
Ophir Energy (LON:OPHR) was downgraded by equities researchers at BMO Capital Markets to a “market perform” rating in a note issued to investors on Friday.
A number of other research firms have also recently issued reports on OPHR. Deutsche Bank decreased their target price on Ophir Energy from GBX 100 ($1.34) to GBX 85 ($1.14) and set a “buy” rating on the stock in a research report on Thursday, March 8th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 80 ($1.07) target price on shares of Ophir Energy in a research report on Tuesday, February 27th. Peel Hunt reiterated a “hold” rating on shares of Ophir Energy in a research report on Monday, May 14th. UBS Group decreased their target price on Ophir Energy from GBX 100 ($1.34) to GBX 53 ($0.71) and set a “buy” rating on the stock in a research report on Wednesday, April 4th. Finally, Barclays reiterated an “equal weight” rating on shares of Ophir Energy in a research report on Thursday, March 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Ophir Energy currently has an average rating of “Hold” and an average target price of GBX 81.56 ($1.09).
Ophir Energy stock opened at GBX 54.10 ($0.73) on Friday. Ophir Energy has a 12-month low of GBX 51 ($0.68) and a 12-month high of GBX 93.75 ($1.26).
Ophir Energy plc engages in the exploration, development, and production of upstream oil and gas properties in Asia and Africa. The company develops offshore and deep-water oil and gas exploration assets. It has 1 billion barrel of oil equivalent of reserves and resources. Ophir Energy plc was founded in 2004 and is headquartered in London, the United Kingdom.
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