Brokerages Set Premier Oil PLC (NASDAQ:PMOIY) Target Price at $1.00
Premier Oil PLC (NASDAQ:PMOIY) has been given a consensus recommendation of “Buy” by the six brokerages that are covering the firm. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $1.00.
Several research firms recently issued reports on PMOIY. Zacks Investment Research upgraded Premier Oil PLC from a “sell” rating to a “hold” rating in a report on Friday, June 24th. Beaufort Securities reiterated a “buy” rating on shares of Premier Oil PLC in a report on Monday, August 22nd. Citigroup Inc. reiterated a “neutral” rating on shares of Premier Oil PLC in a report on Friday, July 15th. Macquarie upgraded Premier Oil PLC from a “neutral” rating to an “outperform” rating in a report on Thursday, July 14th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Premier Oil PLC in a report on Tuesday, July 26th.
Shares of Premier Oil PLC (NASDAQ:PMOIY) opened at 0.812 on Tuesday. Premier Oil PLC has a one year low of $0.28 and a one year high of $1.40. The stock’s market capitalization is $414.77 million. The stock has a 50 day moving average price of $0.91 and a 200 day moving average price of $0.88.
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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