Citigroup Sticks With “Neutral” Rating for Ophir Energy (LON:OPHR) stock. What’s the Best Move for Investors?

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Ophir Energy (LON:OPHR) Rating Reaffirmed

Ophir Energy (LON:OPHR) stock “Neutral” rating has been reiterated by Citigroup in a comprehensive report released on Thursday, 10 December.

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 3.83 while the lowest target price is GBX 1.23. The mean of all analyst targets is GBX 2.02 with a 34.65% above today’s (GBX 88.75) stock price. Ophir Energy was the topic of 33 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Citigroup maintained shares on December 10 with “Neutral” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 130 target share price in a report from a November 13. Credit Suisse maintained OPHR stock in a recent report from December 9 with “Neutral” rating. Deutsche Bank maintained the rating on November 12. Deutsche Bank has a “Hold” rating and a GBX 125 price target on shares. Finally, UBS maintained the stock with “Buy” rating in a report issued on a November 26.

Approximately 180,493 shares of stock traded hands. Ophir Energy Plc (LON:OPHR) has declined 37.37% since May 13, 2015 and is downtrending. It has underperformed by 35.43% the S&P500.

Citigroup Sticks With

Ophir Energy plc is an upstream oil and gas exploration company. The company has a market cap of 612.37 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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