Rating Watching: Is Ophir Energy (LON:OPHR) a Buy? How Analyst Rate it? Why Canaccord Genuity Upgraded The Stock

November 30, 2016 - By Ruchi Gupta

Ophir Energy (LON:OPHR) Upgrade

Canaccord Genuity was upped to a Buy and currently has GBX 105.00 target price on Ophir Energy (LON:OPHR)‘s stock. This was revealed in a a recent note today. Canaccord Genuity’s target price would indicate a potential upside of 32.08%.

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 29.03% above today’s (GBX 78.81) stock price. Ophir Energy has been the topic of 88 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, March 15 by Barclays Capital. The stock of Ophir Energy Plc (LON:OPHR) earned “Neutral” rating by JP Morgan on Friday, January 8. Canaccord Genuity maintained it with “Speculative Buy” rating and GBX 140 target price in Thursday, January 14 report. The firm has “Overweight” rating given on Tuesday, May 3 by Barclays Capital. Jefferies maintained Ophir Energy Plc (LON:OPHR) on Thursday, April 14 with “Hold” rating. The stock of Ophir Energy Plc (LON:OPHR) has “Neutral” rating given on Thursday, November 3 by Davy Research. On Monday, November 28 the stock rating was upgraded by Macquarie Research to “Outperform”. The firm has “Overweight” rating given on Monday, September 26 by Barclays Capital. The stock of Ophir Energy Plc (LON:OPHR) has “Overweight” rating given on Monday, September 14 by Barclays Capital. The stock has “Neutral” rating given by BNP Paribas on Tuesday, September 15.

About 600,986 shares traded hands. Ophir Energy Plc (LON:OPHR) has risen 1.19% since April 29, 2016 and is uptrending. It has underperformed by 4.03% 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 559.17 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.

More news for Ophir Energy Plc (LON:OPHR) were recently published by: Fool.Co.Uk, which released: “Is Ophir Energy plc or Soco International plc today’s top oil play?” on July 26, 2016. Fool.Co.Uk‘s article titled: “Why Ophir Energy Plc Is Plunging Today… And Why I Would Sell!” and published on April 30, 2015 is yet another important article.

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