Shares of Premier Oil PLC (LON:PMO) have earned a consensus rating of “Hold” from the twenty analysts that are covering the company. Two research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 100.23 ($1.31).
Several equities analysts have recently issued reports on PMO shares. Citigroup Inc. reaffirmed a “neutral” rating on shares of Premier Oil PLC in a research report on Wednesday, July 13th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 90 ($1.17) price target on shares of Premier Oil PLC in a research report on Thursday, July 7th. Barclays PLC raised Premier Oil PLC to an “overweight” rating and set a GBX 95 ($1.24) target price for the company in a research report on Tuesday, June 21st. Liberum Capital reissued a “buy” rating and issued a GBX 136 ($1.78) target price on shares of Premier Oil PLC in a research report on Friday, August 5th. Finally, Jefferies Group boosted their target price on Premier Oil PLC from GBX 33 ($0.43) to GBX 75 ($0.98) and gave the stock a “hold” rating in a research report on Tuesday, June 21st.
Shares of Premier Oil PLC (LON:PMO) traded up 2.62% during midday trading on Friday, hitting GBX 68.50. 10,470,135 shares of the stock were exchanged. The firm’s 50 day moving average price is GBX 68.88 and its 200-day moving average price is GBX 65.00. Premier Oil PLC has a 52-week low of GBX 19.00 and a 52-week high of GBX 96.95. The stock’s market cap is GBX 349.90 million.
Premier Oil PLC Company Profile
Premier Oil plc is an independent exploration and production company with oil and gas interests in the North Sea, South East Asia, Pakistan, the Falkland Islands and Latin America. The Company is engaged in the business of upstream oil and gas exploration and production. The Company’s operations are located and managed in six business units: the Falkland Islands, Indonesia, Pakistan (including Mauritania), the United Kingdom, Vietnam and the Rest of the World.
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