Rating Watching: Will Canaccord Genuity Upgrade Help Ophir Energy (LON:OPHR) Stock Price Today?

November 30, 2016 - By Ruchi Gupta

Ophir Energy (LON:OPHR) Upgrade

Ophir Energy (LON:OPHR) was upgraded by Canaccord Genuity to a “Buy” rating in a analysts note shared with investors on Wednesday, 30 November. The firm from today has GBX 105.00 price target on the stock. Canaccord Genuity’s target is 32.08% from OPHR’s last price.

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 28.01% above today’s (GBX 79.44) 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, May 3 by JP Morgan. The rating was maintained by Liberum Capital with “Hold” on Friday, January 15. Investec maintained it with “Buy” rating and GBX 115 target price in Friday, January 8 report. On Wednesday, July 13 the stock rating was maintained by Barclays Capital with “Overweight”. The company was maintained on Friday, November 11 by Barclays Capital. The firm has “Hold” rating by Jefferies given on Thursday, April 14. The firm has “Overweight” rating given on Monday, September 28 by Barclays Capital. On Thursday, January 14 the stock rating was maintained by Canaccord Genuity with “Speculative Buy”. The stock of Ophir Energy Plc (LON:OPHR) has “Market Perform” rating given on Thursday, September 15 by FirstEnergy Capital. Canaccord Genuity maintained Ophir Energy Plc (LON:OPHR) on Friday, November 13 with “Speculative Buy” rating.

About 1.66M 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 563.66 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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