Peel Hunt Reaffirms “Hold” Rating for Ophir Energy (OPHR)

Ophir Energy (LON:OPHR)‘s stock had its “hold” rating reaffirmed by analysts at Peel Hunt in a research report issued on Tuesday.

A number of other equities research analysts have also recently commented on the company. UBS Group increased their target price on Ophir Energy from GBX 53 ($0.69) to GBX 80 ($1.04) and gave the stock a “buy” rating in a research note on Friday, September 7th. BMO Capital Markets cut Ophir Energy to a “market perform” rating in a research note on Friday, June 1st. Jefferies Financial Group cut Ophir Energy to a “hold” rating in a research note on Monday, June 11th. Finally, Citigroup cut their target price on Ophir Energy from GBX 90 ($1.17) to GBX 42 ($0.55) and set a “neutral” rating on the stock in a research note on Monday, September 17th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Ophir Energy currently has an average rating of “Buy” and an average price target of GBX 77.33 ($1.01).

LON OPHR opened at GBX 37.90 ($0.49) on Tuesday. Ophir Energy has a 12 month low of GBX 51 ($0.66) and a 12 month high of GBX 93.75 ($1.22).

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

Ophir Energy Company Profile

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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