Ophir Energy (OPHRY) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Ophir Energy (OTCMKTS:OPHRY) from a sell rating to a hold rating in a research note released on Wednesday, November 22nd.

According to Zacks, “Ophir Energy Plc is an exploration company which focuses on oil and gas prospects primarily in Africa. Ophir Energy Plc is headquartered in London, the United Kingdom. “

Shares of Ophir Energy (OTCMKTS OPHRY) traded up $0.05 during midday trading on Wednesday, hitting $1.78. 791 shares of the company’s stock were exchanged, compared to its average volume of 668. Ophir Energy has a one year low of $1.73 and a one year high of $2.30. The company has a quick ratio of 8.62, a current ratio of 9.02 and a debt-to-equity ratio of 0.07.

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Ophir Energy Company Profile

Ophir Energy plc operates as an independent upstream oil and gas exploration and production company in Asia, Africa, and internationally. The company develops offshore and deep-water oil and gas exploration assets. It holds 95% interests in Block AD-03 located in the Rakhine Basin in Myanmar; 23.3% interests in Block 5 located in the Sureste in the Gulf of Mexico; and 45% interests in Block CI-513 located in Cote d’Ivoire in West Africa.

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