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Ophir Energy (LON:OPHR) target price lowered to 71.00GBX, reported today by Macquarie

In a report issued 9/16/2016 Macquarie lowered the target price of Ophir Energy (LON:OPHR) from 75GBX to 71GBX stating a possible downside of -0.04%.

Previously on Thursday September 15 2016, FirstEnergy Capital released a statement for Ophir Energy(LON:OPHR) raised the target price at 85.00GBX. At the time, this suggested an upside of 0.17%.

Yesterday Ophir Energy (LON:OPHR) traded 0.67% lower at 73.88GBX. The company’s 50-day average is 72.14GBX and its two hundred day moving average is 74.05GBX. With the last close down 0.41% from the two hundred day average, compared to the S&P 500 which has fallen -0.01% over the same time period. 80,092 shares of the stock traded, down from ann average trading volume of 1,774,510.

See Chart Below:

Ophir Energy (LON:OPHR)

With a market cap of 0.0 GBX, Ophir Energy has a one-year low of 63.49GBX and a one-year high of 107.80GBX with a P/E ratio of 0.

Also covering Ophir Energy’s target price, a total of 18 brokerages have issued a report on Ophir Energy. The one year target price is 1.29GBX with two analysts rating the stock a strong buy, five firms rating the stock a buy, 12 firms rating the stock a hold, 0 rating the company to underperform, and lastly two analystsrating the stock as sell.

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 and a 100% operated interest in North East Bangkanai Block.

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