Ophir Energy Plc’s (OPHR) “Neutral” Rating Reaffirmed at Citigroup Inc.

Citigroup Inc. reissued their neutral rating on shares of Ophir Energy Plc (LON:OPHR) in a report issued on Friday. Citigroup Inc. currently has a GBX 90 ($1.16) price target on the stock.

Several other research firms have also recently weighed in on OPHR. Canaccord Genuity decreased their price objective on shares of Ophir Energy Plc from GBX 125 ($1.61) to GBX 110 ($1.42) and set a buy rating on the stock in a research report on Friday, May 26th. GMP Securities restated a reduce rating on shares of Ophir Energy Plc in a research report on Wednesday, July 5th. Deutsche Bank AG restated a buy rating and issued a GBX 120 ($1.55) price objective on shares of Ophir Energy Plc in a research report on Wednesday, June 7th. Macquarie decreased their price objective on shares of Ophir Energy Plc from GBX 94 ($1.21) to GBX 89 ($1.15) and set a neutral rating on the stock in a research report on Wednesday, June 21st. Finally, Barclays PLC decreased their price objective on shares of Ophir Energy Plc from GBX 110 ($1.42) to GBX 100 ($1.29) and set an overweight rating on the stock in a research report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Ophir Energy Plc presently has an average rating of Buy and an average price target of GBX 101.75 ($1.31).

Ophir Energy Plc (OPHR) traded down 1.67% during midday trading on Friday, hitting GBX 73.75. 817,423 shares of the stock were exchanged. The company’s 50 day moving average is GBX 74.64 and its 200 day moving average is GBX 82.28. The company’s market capitalization is GBX 520.75 million. Ophir Energy Plc has a 1-year low of GBX 67.00 and a 1-year high of GBX 103.41.

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Ophir Energy Plc Company Profile

Ophir Energy plc is an upstream oil and gas exploration and production company focused on Asia and Africa. The principal activity of the Company is the development of offshore and deepwater oil and gas exploration assets. The Company’s geographical segments are Africa, Asia and are head-quartered in London, United Kingdom.

Analyst Recommendations for Ophir Energy Plc (LON:OPHR)

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