Ophir Energy (OPHR) Rating Increased to Buy at Jefferies Financial Group

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Jefferies Financial Group upgraded shares of Ophir Energy (LON:OPHR) to a buy rating in a research note published on Monday. They currently have GBX 65 ($0.85) price target on the stock.

Other research analysts also recently issued reports about the stock. UBS Group upped their target price on shares of Ophir Energy from GBX 53 ($0.69) to GBX 80 ($1.05) and gave the company a buy rating in a research note on Friday, September 7th. Peel Hunt restated a hold rating on shares of Ophir Energy in a research note on Tuesday, September 25th. Morgan Stanley decreased their target price on shares of Ophir Energy from GBX 90 ($1.18) to GBX 80 ($1.05) and set an equal weight rating for the company in a research note on Thursday, October 18th. Finally, Citigroup decreased their target price on shares of Ophir Energy from GBX 90 ($1.18) to GBX 42 ($0.55) and set a neutral rating for the company in a research note on Monday, September 17th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of GBX 71.67 ($0.94).

OPHR opened at GBX 42.65 ($0.56) on Monday. Ophir Energy has a 52-week low of GBX 51 ($0.67) and a 52-week high of GBX 93.75 ($1.23).

In related news, insider Vivien Gibney purchased 30,000 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The shares were purchased at an average cost of GBX 38 ($0.50) per share, with a total value of £11,400 ($14,896.12). Also, insider David Davies purchased 130,819 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was bought at an average cost of GBX 38 ($0.50) per share, for a total transaction of £49,711.22 ($64,956.51).

Ophir Energy Company Profile

Ophir Energy plc engages in the exploration, development, and production of upstream oil and gas properties in Asia and Africa. The company develops offshore and deep-water oil and gas exploration assets. It has 1 billion barrel of oil equivalent of reserves and resources. Ophir Energy plc was founded in 2004 and is headquartered in London, the United Kingdom.

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Analyst Recommendations for Ophir Energy (LON:OPHR)

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