Ophir Energy (OTCMKTS:OPHRY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage presently has a $2.00 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 9.89% from the company’s current price.
According to Zacks, “Ophir Energy Plc is an exploration company which focuses on oil and gas prospects primarily in Africa. Ophir Energy Plc is headquartered in London, the United Kingdom. “
Ophir Energy (OTCMKTS OPHRY) opened at $1.82 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 8.62 and a current ratio of 9.02. Ophir Energy has a 1 year low of $1.73 and a 1 year high of $2.30.
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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 dIvoire in West Africa.
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