Published On: Fri, Feb 3rd, 2017

Shares Of Ophir Energy (LON:OPHR) Rated As Neutral By Analysts At Macquarie


According to an update released by analysts at Macquarie the broker has now set a ‘Neutral’ rating on shares of Ophir Energy (LON:OPHR) with a price target of 94.

Macquarie on Friday reiterated Ophir Energy’s analyst rating as ‘Neutral’ with its price target of 94 highlighting a potential decrease of -0.79% from Ophir Energy’s current price of 94.75.

LON:OPHR


Over the last twelve months Ophir Energy’s stock price has increased from 83.9 to 94.75, a change of 12.93%.

Ophir Energy has 702,130,000 shares in issue which have a share price of 94.75 giving Ophir Energy a market capitalisation of 665.27M GBp.

The company has a 50 day moving average of 93.04 and a 200 day moving average of 79.35. The 52 week high shares of Ophir Energy have reached is 103.41 whilst the 52 week low for the company’s shares is 63.49.

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. In Africa, the Company has interests in Equatorial Guinea, Gabon, Cote d’Ivoire, Tanzania and Kenya. In Asia, the Company has interests in Myanmar, Malaysia, Thailand and Indonesia. It holds a 50% operated interest in Mbeli and Ntinsa Blocks and a 100% operated interest in Gnondo, Manga, Nkawa and Nkouere Blocks in Gabon. It also holds a 70% operated interest in Bangkanai Block; a 70% operated interest in West Bangkanai Block, and a 100% operated interest in North East Bangkanai Block.

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