Rating Summary: Macquarie Gives Ophir Energy (LON:OPHR) Higher Rating. The Target Price is GBX 95.00

November 28, 2016 - By Nellie Frank

Ophir Energy (LON:OPHR) Upgrade

In a a research note released on Monday morning, professional analysts at Macquarie’s equities research division upgraded Ophir Energy (LON:OPHR)‘s stock to a Outperform. They have a PT of GBX 95.00 on OPHR or 24.59% more upside.

Ophir Energy Plc (LON:OPHR) Ratings Coverage

Out of 18 analysts covering Ophir Energy (LON:OPHR), 8 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 44% are positive. GBX 225 is the highest target while GBX 67 is the lowest. The GBX 101.69 average target is 35.08% above today’s (GBX 75.28) stock price. Ophir Energy has been the topic of 88 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, November 15 by UBS. The firm earned “Buy” rating on Thursday, September 15 by Deutsche Bank. Credit Suisse maintained the stock with “Underperform” rating in Wednesday, September 9 report. The firm has “Buy” rating by UBS given on Thursday, November 12. The firm earned “Buy” rating on Friday, September 30 by Deutsche Bank. As per Thursday, September 15, the company rating was maintained by FirstEnergy Capital. The company was maintained on Tuesday, January 26 by Barclays Capital. The firm earned “Overweight” rating on Wednesday, July 13 by Barclays Capital. The firm has “Overweight” rating by Barclays Capital given on Friday, March 11. The stock of Ophir Energy Plc (LON:OPHR) earned “Hold” rating by Deutsche Bank on Thursday, November 12.

About 234,361 shares traded hands. Ophir Energy Plc (LON:OPHR) has declined 9.88% since April 27, 2016 and is downtrending. It has underperformed by 15.90% the S&P500.

Ophir Energy plc is an upstream oil and gas exploration and production firm focused on Asia and Africa. The company has a market cap of 530.41 million GBP. The principal activity of the Company is the development of offshore and deepwater gas and oil exploration assets. It currently has negative earnings. The Company’s geographical divisions are Africa, Asia and are head-quartered in London, United Kingdom.

Another recent and important Ophir Energy Plc (LON:OPHR) news was published by Fool.Co.Uk which published an article titled: “Is Ophir Energy plc or Soco International plc today’s top oil play?” on July 26, 2016.

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