Brokerages Set Ophir Energy Plc (OPHR) Target Price at $77.60

Shares of Ophir Energy Plc (LON:OPHR) have been given a consensus recommendation of “Buy” by the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 77.60 ($1.01).

Several equities analysts have recently commented on OPHR shares. BMO Capital Markets cut shares of Ophir Energy to a “market perform” rating in a report on Friday, June 1st. Peel Hunt lowered their price target on shares of Ophir Energy from GBX 70 ($0.91) to GBX 53 ($0.69) and set a “hold” rating on the stock in a report on Friday, June 1st. Jefferies Financial Group cut shares of Ophir Energy to a “hold” rating in a report on Monday, June 11th. UBS Group boosted their price target on shares of Ophir Energy from GBX 53 ($0.69) to GBX 80 ($1.04) and gave the company a “buy” rating in a report on Friday, September 7th. Finally, Citigroup lowered their price target on shares of Ophir Energy from GBX 90 ($1.17) to GBX 42 ($0.55) and set a “neutral” rating on the stock in a report on Monday, September 17th.

In other Ophir Energy news, insider David Davies acquired 130,819 shares of Ophir Energy stock in a transaction that occurred on Tuesday, September 18th. The stock was acquired at an average price of GBX 38 ($0.49) per share, with a total value of £49,711.22 ($64,753.45). Also, insider Vivien Gibney acquired 30,000 shares of Ophir Energy stock in a transaction that occurred on Thursday, September 13th. The stock was acquired at an average cost of GBX 38 ($0.49) per share, with a total value of £11,400 ($14,849.55).

Shares of Ophir Energy stock traded down GBX 0.95 ($0.01) on Friday, hitting GBX 37.85 ($0.49). 2,400,220 shares of the company traded hands, compared to its average volume of 1,150,000. Ophir Energy has a 12-month low of GBX 51 ($0.66) and a 12-month high of GBX 93.75 ($1.22).

About Ophir Energy

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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Analyst Recommendations for Ophir Energy (LON:OPHR)

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