Ophir Energy (OPHR) Price Target Raised to GBX 80 at UBS Group

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Ophir Energy (LON:OPHR) had its price target boosted by UBS Group from GBX 53 ($0.68) to GBX 80 ($1.03) in a research report sent to investors on Friday, investing.thisismoney.co.uk reports. They currently have a buy rating on the stock.

A number of other research analysts also recently issued reports on the stock. BMO Capital Markets downgraded shares of Ophir Energy to a market perform rating in a research report on Friday, June 1st. Peel Hunt reiterated a hold rating on shares of Ophir Energy in a research report on Monday, May 14th. Finally, Jefferies Financial Group downgraded shares of Ophir Energy to a hold rating in a research report on Monday, June 11th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of GBX 82.67 ($1.07).

Shares of Ophir Energy stock traded down GBX 1.15 ($0.01) during trading on Friday, reaching GBX 39 ($0.50). 3,037,883 shares of the company traded hands, compared to its average volume of 1,150,000. Ophir Energy has a 1-year low of GBX 51 ($0.66) and a 1-year high of GBX 93.75 ($1.21).

About Ophir Energy

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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