Ophir Energy’s (OPHR) “Hold” Rating Reaffirmed at Peel Hunt

Peel Hunt reaffirmed their hold rating on shares of Ophir Energy (LON:OPHR) in a research note released on Thursday morning.

Other analysts have also issued reports about the stock. BMO Capital Markets lowered shares of Ophir Energy to a market perform rating in a research report on Friday, June 1st. UBS Group raised their price target on shares of Ophir Energy from GBX 53 ($0.69) to GBX 80 ($1.04) and gave the stock a buy rating in a research report on Friday, September 7th. Finally, Jefferies Financial Group lowered shares of Ophir Energy to a hold rating in a research report on Monday, June 11th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of GBX 82.67 ($1.08).

LON OPHR traded down GBX 2.65 ($0.03) during midday trading on Thursday, hitting GBX 35.20 ($0.46). The company had a trading volume of 3,248,247 shares, compared to its average volume of 1,150,000. Ophir Energy has a fifty-two week low of GBX 51 ($0.66) and a fifty-two week high of GBX 93.75 ($1.22).

In other Ophir Energy news, insider Vivien Gibney bought 30,000 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were acquired at an average cost of GBX 38 ($0.49) per share, for a total transaction of £11,400 ($14,849.55).

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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