Premier Oil PLC (PMO) Rating Reiterated by Jefferies Group

Premier Oil PLC (LON:PMO)‘s stock had its “hold” rating reiterated by Jefferies Group in a report issued on Thursday. They presently have a GBX 88 ($1.15) price target on the oil producer’s stock. Jefferies Group’s price target points to a potential upside of 18.12% from the company’s previous close.

PMO has been the subject of several other reports. Liberum Capital decreased their target price on shares of Premier Oil PLC from GBX 136 ($1.78) to GBX 130 ($1.70) and set a “buy” rating for the company in a report on Wednesday, August 24th. Deutsche Bank AG reiterated a “buy” rating on shares of Premier Oil PLC in a report on Thursday, September 15th. Barclays PLC reiterated an “overweight” rating and issued a GBX 100 ($1.31) target price on shares of Premier Oil PLC in a report on Tuesday, August 23rd. Finally, Canaccord Genuity reiterated a “hold” rating and issued a GBX 85 ($1.11) target price on shares of Premier Oil PLC in a report on Wednesday, August 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 99.69 ($1.30).

Shares of Premier Oil PLC (LON:PMO) opened at 74.50 on Thursday. The stock’s market capitalization is GBX 380.55 million. Premier Oil PLC has a 1-year low of GBX 19.00 and a 1-year high of GBX 96.95. The firm’s 50-day moving average is GBX 68.90 and its 200 day moving average is GBX 65.79.

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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