Tony Durrant Buys 176 Shares of Premier Oil PLC (PMO) Stock

Premier Oil PLC (LON:PMO) insider Tony Durrant acquired 176 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were purchased at an average price of GBX 71 ($0.93) per share, with a total value of £124.96 ($163.11).

Premier Oil PLC (LON:PMO) opened at 74.50 on Thursday. The company’s market capitalization is GBX 380.55 million. Premier Oil PLC has a 52-week low of GBX 19.00 and a 52-week high of GBX 96.95. The company’s 50 day moving average is GBX 68.90 and its 200-day moving average is GBX 65.79.

Insider Buying and Selling by Quarter for Premier Oil PLC (LON:PMO)

A number of equities research analysts have commented on the stock. Deutsche Bank AG restated a “buy” rating on shares of Premier Oil PLC in a report on Monday, July 25th. Barclays PLC upgraded shares of Premier Oil PLC to an “overweight” rating and set a GBX 95 ($1.24) price target for the company in a report on Tuesday, June 21st. Jefferies Group raised their price target on shares of Premier Oil PLC from GBX 75 ($0.98) to GBX 88 ($1.15) and gave the stock a “hold” rating in a report on Monday, August 22nd. Citigroup Inc. restated a “neutral” rating on shares of Premier Oil PLC in a report on Wednesday, July 13th. Finally, Numis Securities Ltd restated an “under review” rating on shares of Premier Oil PLC in a report on Monday, July 25th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 99.69 ($1.30).

About Premier Oil PLC

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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