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A statement released earlier today by Canaccord Genuity about Ophir Energy (LON:OPHR) bumps the target price to 105.00GBX

Yesterday Ophir Energy (LON:OPHR) traded 4.01% higher at 79.63GBX. The company’s 50-day moving average is 76.17GBX and its 200-day moving average is 73.12GBX. The last closing price is up 8.46% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 555,829 shares of the stock were exchanged, down from an average trading volume of 1,504,650

Ophir Energy (LON:OPHR) had its target price raised to 105.00GBX by Canaccord Genuity in a report released 11/30/2016. The new target price indicates a possible upside of 0.32% based on the company's last closing price.

Previously on Monday November 28, 2016, Macquarie reported on Ophir Energy (LON:OPHR) raised the target price from 72.00GBX to 95.00GBX. At the time, this indicated a possible upside of 0.24%.

See Chart Below

Ophir Energy (LON:OPHR)

Ophir Energy has a 52 week low of 63.49GBX and a 52 week high of 104.80GBX The company’s market cap is currently 0 GBX.

In addition to Canaccord Genuity reporting its target price, a total of 18 brokers have issued a report on the stock. The consensus target price is 1.29GBX with 2 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 12 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 2 brokers rating the stock a sell.

General Information About Ophir Energy (LON:OPHR)

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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