56.86% to Target, Canaccord Genuity Reaffirms ‘Buy’ Rating on Ophir Energy (LON:OPHR) Shares Today

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Ophir Energy (LON:OPHR) Rating Reaffirmed

Ophir Energy (LON:OPHR) just had their share rating of a ‘Buy’ issued by research analysts at Canaccord Genuity, who now has a GBX 140.00 target on the 652.95M GBP market cap company or a 56.86% upside potential. This key information was shown in a note on Wednesday morning.

From a total of 22 analysts covering Ophir Energy (LON:OPHR) stock, 10 rate it a ”Buy”, 3 a “Sell”, and 10 a ”Hold”. This means that 43% of the ratings are positive. The highest target price is GBX 3.85 while the lowest target price is GBX 1.24. The mean of all analyst targets is GBX 2.03 with a 32.96% above today’s (GBX 89.25) stock price. Ophir Energy was the topic of 30 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on December 1 with “Hold” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 125 target share price in a report from a November 12. Credit Suisse maintained OPHR stock in a recent report from November 17 with “Neutral” rating. Liberum Capital maintained the rating on November 10. Liberum Capital has a “Hold” rating and a GBX 102 price target on shares. Finally, Barclays Capital maintained the stock with “Overweight” rating in a report issued on a November 13.

The stock increased 2.59% or GBX 2.25 on December 9, striking GBX 89.25. Approximately 4.89M shares of stock traded hands or 108.97% up from the average. Ophir Energy Plc (LON:OPHR) has declined 37.54% since May 12, 2015 and is downtrending. It has underperformed by 36.75% the S&P500.

56.86% to Target, Canaccord Genuity Reaffirms ‘Buy’ Rating on Ophir Energy (LON:OPHR) Shares Today

Ophir Energy plc is an upstream oil and gas exploration company. The company has a market cap of 652.95 million GBP. The Firm has around 35 blocks in nine countries across Africa and Asia. It currently has negative earnings. In Africa, it has stakes in liquefied natural gas and floating LNG technology (FLNG) projects in Tanzania and Equatorial Guinea respectively.

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