Ophir Energy (OPHR) Raised to “Overweight” at Barclays

Barclays upgraded shares of Ophir Energy (LON:OPHR) to an overweight rating in a research report released on Wednesday morning.

A number of other brokerages also recently weighed in on OPHR. Credit Suisse Group reaffirmed an outperform rating and set a GBX 80 ($1.13) price objective on shares of Ophir Energy in a research report on Monday, January 8th. Canaccord Genuity reaffirmed a hold rating and set a GBX 75 ($1.06) price objective on shares of Ophir Energy in a research report on Wednesday, January 17th. Jefferies Group reaffirmed a buy rating and set a GBX 90 ($1.27) price objective on shares of Ophir Energy in a research report on Wednesday, December 20th. Peel Hunt assumed coverage on shares of Ophir Energy in a research report on Wednesday, March 21st. They set a hold rating and a GBX 70 ($0.99) price objective for the company. Finally, UBS lowered their price objective on shares of Ophir Energy from GBX 100 ($1.41) to GBX 53 ($0.75) and set a buy rating for the company in a research report on Wednesday, April 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Ophir Energy presently has an average rating of Buy and an average price target of GBX 81.56 ($1.15).

OPHR opened at GBX 61.60 ($0.87) on Wednesday. Ophir Energy has a 1-year low of GBX 51 ($0.72) and a 1-year high of GBX 93.75 ($1.33).

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About Ophir Energy

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.

Analyst Recommendations for Ophir Energy (LON:OPHR)

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