Premier Oil PLC (PMO) Insider Tony Durrant Buys 176 Shares
Premier Oil PLC (LON:PMO) insider Tony Durrant purchased 176 shares of Premier Oil PLC stock in a transaction on Monday, October 3rd. The stock was bought at an average cost of GBX 71 ($0.93) per share, with a total value of £124.96 ($163.11).
Premier Oil PLC (LON:PMO) traded up 2.48% on Tuesday, hitting GBX 72.25. The stock had a trading volume of 6,975,168 shares. The firm’s market capitalization is GBX 369.05 million. Premier Oil PLC has a 1-year low of GBX 19.00 and a 1-year high of GBX 96.95. The company’s 50 day moving average is GBX 68.92 and its 200-day moving average is GBX 65.45.
A number of analysts have weighed in on the company. Canaccord Genuity boosted their price target on Premier Oil PLC from GBX 80 ($1.04) to GBX 85 ($1.11) and gave the stock a “hold” rating in a research report on Monday, August 22nd. Deutsche Bank AG reissued a “buy” rating on shares of Premier Oil PLC in a research report on Monday, July 25th. Barclays PLC reissued an “overweight” rating and set a GBX 100 ($1.31) price objective on shares of Premier Oil PLC in a research report on Tuesday, August 23rd. JPMorgan Chase & Co. boosted their price objective on Premier Oil PLC from GBX 61 ($0.80) to GBX 71 ($0.93) and gave the stock a “neutral” rating in a research report on Wednesday, July 13th. Finally, Davy Research reissued a “neutral” rating on shares of Premier Oil PLC in a research report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus 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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