Deutsche Bank Trims Ophir Energy (OPHR) Target Price to GBX 85

Ophir Energy (LON:OPHR) had its target price reduced by Deutsche Bank from GBX 100 ($1.38) to GBX 85 ($1.17) in a research report sent to investors on Thursday. They currently have a buy rating on the stock.

Several other equities analysts have also recently issued reports on OPHR. Credit Suisse Group lowered their price target on Ophir Energy from GBX 85 ($1.17) to GBX 80 ($1.11) and set a neutral rating on the stock in a research report on Friday, November 24th. Jefferies Group reiterated a buy rating and set a GBX 90 ($1.24) price target on shares of Ophir Energy in a research report on Wednesday, December 20th. Barclays reiterated an overweight rating and set a GBX 100 ($1.38) price target on shares of Ophir Energy in a research report on Monday, January 15th. Finally, Canaccord Genuity reiterated a hold rating and set a GBX 75 ($1.04) price target on shares of Ophir Energy in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 87.29 ($1.21).

Shares of Ophir Energy (LON:OPHR) opened at GBX 56.20 ($0.78) on Thursday. The firm has a market capitalization of $399.50 and a price-to-earnings ratio of -510.91. Ophir Energy has a 12 month low of GBX 51 ($0.70) and a 12 month high of GBX 93.75 ($1.30).

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Ophir Energy 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.

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