FY2017 Earnings Forecast for Ophir Energy Plc (OPHRY) Issued By Jefferies Group

Ophir Energy Plc (OTCMKTS:OPHRY) – Stock analysts at Jefferies Group upped their FY2017 earnings per share (EPS) estimates for shares of Ophir Energy in a research report issued to clients and investors on Wednesday. Jefferies Group analyst M. Wilson now forecasts that the company will post earnings per share of ($0.19) for the year, up from their prior estimate of ($0.20). Jefferies Group also issued estimates for Ophir Energy’s FY2018 earnings at $0.07 EPS.

Separately, Zacks Investment Research lowered shares of Ophir Energy from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th.

Shares of Ophir Energy (OPHRY) opened at $1.82 on Monday. The company has a quick ratio of 8.62, a current ratio of 9.02 and a debt-to-equity ratio of 0.07. Ophir Energy has a 1 year low of $1.73 and a 1 year high of $2.30.

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Ophir Energy Company Profile

Ophir Energy plc operates as an independent upstream oil and gas exploration and production company in Asia, Africa, and internationally. The company develops offshore and deep-water oil and gas exploration assets. It holds 95% interests in Block AD-03 located in the Rakhine Basin in Myanmar; 23.3% interests in Block 5 located in the Sureste in the Gulf of Mexico; and 45% interests in Block CI-513 located in Cote d’Ivoire in West Africa.

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