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Share Name Share Symbol Market Type Share ISIN Share Description
Ophir Energy LSE:OPHR London Ordinary Share GB00B24CT194 ORD 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.60p +1.35% 44.90p 1,229,191 16:35:26
Bid Price Offer Price High Price Low Price Open Price
45.10p 45.40p 45.35p 43.15p 43.15p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 139.58 -47.69 -11.70 317.5

Ophir Energy (OPHR) Latest News (9)

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Ophir Energy (OPHR) Discussions and Chat

Ophir Energy (OPHR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-01-18 18:28:3544.90135.84O
2019-01-18 17:35:4644.9010.45O
2019-01-18 17:04:5244.9016,3897,358.33O
2019-01-18 16:37:5144.622,4001,070.88O
2019-01-18 16:37:5144.622,4001,070.88O
View all Ophir Energy trades in real-time

Ophir Energy (OPHR) Top Chat Posts

DateSubject
18/1/2019
08:20
Ophir Energy Daily Update: Ophir Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker OPHR. The last closing price for Ophir Energy was 44.30p.
Ophir Energy has a 4 week average price of 32.20p and a 12 week average price of 31.65p.
The 1 year high share price is 71.30p while the 1 year low share price is currently 31.65p.
There are currently 707,211,824 shares in issue and the average daily traded volume is 6,061,309 shares. The market capitalisation of Ophir Energy is £317,538,108.98.
12/1/2019
10:56
arteespresso: So you haven't answered the question? From memory you were/are a shareholder of SQZ. It doesn't matter if they were at 3p and someone offered 4.5p, just because the offer is at a better price, dies that mean shareholders should be grateful? Yes, Ophir have wasted billions, but that is irrelevant to its current value and share price.Your comparison to Flybe is completely pointless, and I'm afraid you've completely missed the point; Flybe are loss making, in a sector where they will go bankrupt unless the restructure and gain serious financing or are bought out. Ophir are not a basket case, will be debt free soon and have free cash flow for the next x years.
11/1/2019
12:49
ashkv: Letter sent to Ophir management Dear Alan Booth, The non-firm offer of 48.5p from Medco has to be rejected as it is undervaluing Ophir's assets. It is not even providing for "Net Asset Value" prescribed to Ophir post a full write-off for Fortuna license per Ophir's balance sheet, is prior to Zama appraisal results by Premier et al (which could highly enhance value of our Mexican licenses), ascribes minimal value to Tanzania Gas Assets along with Mexican & Equatorial Guinea licenses. The offer is highly opportunistic and came about when Brent was trading at 1.5 year lows, GBPUSD close to multi-year lows.....I will refrain from continuing as you can comprehend what I am seeking to convey. I appreciate management have minimal shareholding but it is your fiduciary obligation to ensure long term Ophir shareholders, British Pensioners etc are treated fairly. Ophir's advisor Morgan Stanley had a 80p target price for Ophir prior to withdrawing the same on 31st December 18 due to their involvement in Medco talks - I would hope Ophir management / Morgan Stanley will get at least this base level for Ophir in a market that is only now recovering. A number of British listed E&P firms are trading significantly above their December 2018 lows and volume weighted averages -Premier Oil, Genel, Cairn Energy as the market has recovered in short tenure - therefore the premium offered by Medco is almost minimal if one is to assume Ophir would track the share price of fellow producing E&Ps. I look forward to reviewing Ophir's update on 15 January 2019 and it's rejection of this highly opportunistic offer from Medo to pry away these valuable assets just when they are starting to perform well and accrue value to long suffering Ophir shareholders. Hopefully your short tenure has a more favourable outcome than that of prior CEO Nick Cooper which has led to the Medco offer which in practical terms if accepted will not be much better than a bankruptcy/liquidation for long term Ophir shareholders. Best regards
07/1/2019
07:44
ashkv: Ophir net assets were US$ 1,087,219,000 as of half year 2018 results on 30 June 2018 Even if impaired for $300mn per announcement Ophir assets are $787 MILLION at current share price of 44.80 and GBPUSD of 1.27 - Ophir market cap is $402.5m - based on assets Ophir Share Price should be near double at 88p, FORTUNA SHOULD HAVE BEEN FULLY PRICED IN - ONLY A NUMBNUTZ WOULD THINK THERE WAS A LESS THAN 95% CHANCE THAT LICENSE WOULD BE REVOKED. I WAS HOPEFULLY NEW CEO MIGHT PULL OUT A RABBIT FROM THE HAT BUT HE IS AS USELESS AS NICK COOPER. I would think takeover at less than Morgan Stanley target price of 80p would be highway robbery....
14/9/2018
15:31
ashkv: Ophir on a per barrel basis is approaching the value per barrel it paid for Santos at current share price / implied enterprise value. To recall oil price was much lower when Santos was finalised plus reserves much smaller relative to production as compared to existing Ophir Asian assets. At $205m for 13.5k bpd Ophir paid US $15,185 per barrel and 21m in reserves Current Ophir production is 27.5k bpd, reserves of 71mn barrels, at 35p share price - Enterprise value is Market Cap ($323m - GBP 35p) + Debt $230m - Cash $75m = $478.5m Therefore price for barrel signified by current Ophir market cap/enterprise value is = 478.5/27500 = US $17,402.5 I think this share price is getting to a level where I have to liquidate other holdings and buy in.....
14/9/2018
15:18
ashkv: Sophia: "Btw, 2P are 42 oil and 29 gas." Ashkv --> ok and ? Stll barrel of oil equivalent and if anything gas advantageous given environmental and Asian pricing. Sophia: "FCF seems to exclude interest costs and some CAPEX (although it is not totally clear)." Ashkv --> As mentioned prior exploration commitment is $85m over the next 5 years per H1 results. Of which $13m is earmarked for Mexico in H2 2018. The remaining over 5 years and Ophir will look to farm down as they successfully did on block in Equatorial Guinea with Kosmos Energy. The rest of Capex is solely to maintain production - per presentation this is not very much. And the remaining earmarked to increase production from exiting assets - in the case of Bualang the $100m will pay back in 1.5 years and is projected to have an IRR in excess of 40%. Ophir optimistic scenario is for 35k bpd production in 2020. That is over a billion dollars in revenue at current oil prices. THIS IS A STEAL OF SHARE PRICE. Sophia: "The CC made me even more cautious. I don't know Alan Booth, but I really did not understand his attitude and body language." Ashkv --> Certainly it is better to be careful as I am down 40% + in this share. But have bought in the 50s and at 42p as excluding Fortuna the share is highly under priced. It is a 27.5k bpd producer which is highly profitable and now has a clear strategy plus a CEO who founded Encore and generated massive value for shareholders. Not a bean counter like Nick Cooper. Moreover I liked the fact that Alan was not a glib fast talker like Kevin Hart, Nick Cooper, Oliver (at Ophir - head of Africa). He clearly has taken on board investor sentiments and echoed they are not a company to pay salaries but to generate share holder value. Therefore the massive layoffs in London and relocation of the office. THAT TO ME SIGNIFIES HE MEANS BUSINESS Sophia: Free cash flow not clear if includes interest expenses. Ashkv --> Ophir is sitting on $75m cash and post Santos will have around $230m debt (including Nordic bond). Free cash flow per definition generally doesn't include interest. Even at at 10% interest rate on $230m this is $23m - I expect the Santos debt to be repaid quickly as Santos assets are expected to repay in less than 30 months from present. Good to do due diligence but one never can call the bottom - as long as my investment thesis holds good I will add to the limit considerations of my portfolio. For all we know tomorrow Ophir could get a bid at a healthy premium from current price. Adding 27.5k bpd and 71m of 2p reserves for an enterprise value at share price of 35.5p of $485m (Debt $230m + Market Cap $330m (converted to usd) - Cash $75m) would seem ridiculously low to me. Production is expected to increase to 35k bpd in 2020. Unbelievable
03/5/2018
12:42
ziblot: Not new but worth a read: fool.co.uk One turnaround stock I'd buy alongside this unloved 5% yielder Peter Stephens | Wednesday, 7th March, 2018 | More on: BATS OPHR 5-6 minutes Companies capable of delivering successful turnarounds can be hugely profitable for investors. Of course, there is always a risk that they’ll be unable to generate improving financial or share price performance. But if the potential rewards outweigh the risks then they can prove to be worthwhile investments for the long term. Reporting on Wednesday was one stock which is due to record a return to profitability over the next couple of years after a difficult period. Similarly, another 5% yielder also reporting Wednesday could return to share price growth after a disappointing year. Both stocks could be worth buying right now. Improving outlook Oil and gas explorer and producer Ophir Energy (LSE: OPHR) experienced a somewhat challenging 2017 financial year, having failed to achieve the Fortuna project final investment decision despite having made significant progress on the project. However, progress was made on meeting operational targets, as well as in rebalancing its portfolio. The company appears to be approaching a more sustainable business model. It was able to reduce general and administrative expenses by 17%, while growing reserves by 13% and increasing net funds flow from production by 46%. It also seems to be in a strong position to deliver on its goals of growing production and cash flow in the 2018 financial year. Clearly, the last few years have been tough for Ophir Energy. A lower oil price and reduced confidence in the industry have led to a disappointing financial performance. However, with the oil price having risen and its strategy beginning to have an impact on its performance, the company is due to return to profitability in the 2019 financial year. This could boost investor sentiment and lead to a rising share price.
03/5/2018
12:29
queenbreguet: The Tullow Oil share price may keep rising, but I’d buy this stock first Roland Head | Thursday, 3rd May, 2018 | More on: OPHR TLW Image source: Getty Images. Former FTSE 100 member Tullow Oil (LSE: TLW) is getting closer to regaining its spot in the blue-chip index. The group’s £3.25bn market cap is still a little short of the £4.5bn+ level I estimate might be necessary, but if net debt of $3.4bn continues to fall in 2018, I believe shareholders could see steady gains. However, Tullow’s focus on debt reduction means that shareholders have had to take a back seat over the last few years. The group hasn’t paid a dividend since 2013, and the shares have lost more than 75% of their value over the last five years. The Africa-focused firm is expected to return to profit this year, with analysts forecasting earnings of $0.20 per share. That puts the stock on a forecast P/E of 15.6. This seems about right to me, so I’d rate Tullow as a hold rather than a buy. I believe there’s better value elsewhere in the oil market, including my next stock. This stock could rise by 226% Shares of FTSE 250 oil and gas group Ophir Energy (LSE: OPHR) rose by 6% this morning, after the company announced a $205m deal to acquire producing oil and gas assets in South-East Asia. The planned acquisition will see Ophir buy a portfolio of producing assets in Vietnam and Indonesia from Australian firm Santos Limited. A number of exploration and appraisal assets in the region will also be included. These new fields should fit together well with the production assets the firm acquired when it bought Salamander Energy in 2015. Chief executive Nick Cooper expects the new assets to add about 13,500 barrels of oil equivalent per day (boepd) to the group’s pro forma production in 2018, taking total production to 25,000 boepd. The deal will increase Ophir’s proven and probably (‘2P’) reserves by 43% to 70.6 million barrels of oil equivalent. And it’s also expected to bring the group closer to its objective of generating free cash flow from production. This is significant, because it should protect the long-term value that’s hidden on the firm’s balance sheet. Ophir’s accounts showed a net asset value of 206p per share at the end of 2017, 226% above the last-seen share price of 63p. Why I’m excited Ophir is a business of two halves. The group’s production assets provide useful cash to keep the company going. But before it started buying these mid-sized production fields, Ophir discovered a number of large gas deposits off the coast of Africa. Finding commercial partners to develop these is taking time. But I’m confident it will happen eventually. Based on its track record to date, Mr Cooper’s plan is to find larger partners to fund these projects in return for a slice of the asset. Ophir itself has steered clear of borrowing to fund development and this has paid off. The group came through the oil market crash with a strong balance sheet and ended last year with net cash of $117m. I believe that Ophir’s growing production means that the worst-case scenario for shareholders is that the shares remain flat for the next few years. The best-case scenario is that the stock could double or more. Although this has been a disappointing investment so far, I believe the shares now deserve a buy rating. Buying Ophir stock today and tucking it away for a few years could be very profitable, in my view.
22/2/2018
15:17
jotoha2: Utter rubbish , the share price is the lowest it's been .......ever and will continue down unless Cooper comes up with the goods , ophr share price is on it's knees all it's peers have seen substantial increases since the lows of 2016 .
12/12/2016
10:40
romeike: Last time oil was at this price OPHR share price was over 111p, and shortly prior to that was at 166p. With the JV sorted, can't see any reason why this isn't at that levels again.
30/6/2016
05:03
togglebrush: Press reports that Natural Gas is priced in Sterling which could be the influence in current OPHR share price rising.
Ophir Energy share price data is direct from the London Stock Exchange
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