Premier Oil PLC’s (PMO) “Buy” Rating Reiterated at Deutsche Bank AG
Premier Oil PLC (LON:PMO)‘s stock had its “buy” rating reissued by analysts at Deutsche Bank AG in a research note issued to investors on Tuesday.
Other analysts also recently issued research reports about the company. Liberum Capital restated a “buy” rating and issued a GBX 136 ($1.70) target price on shares of Premier Oil PLC in a research note on Friday, August 5th. Citigroup Inc. upgraded Premier Oil PLC to a “buy” rating and set a GBX 103 ($1.29) target price on the stock in a research note on Friday, October 21st. Jefferies Group restated a “hold” rating and issued a GBX 88 ($1.10) target price on shares of Premier Oil PLC in a research note on Thursday, October 6th. Canaccord Genuity restated a “hold” rating and issued a GBX 85 ($1.06) target price on shares of Premier Oil PLC in a research note on Wednesday, August 31st. Finally, Davy Research restated a “neutral” rating on shares of Premier Oil PLC in a research note on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, eight have issued 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 price target of GBX 97.63 ($1.22).
Premier Oil PLC (LON:PMO) opened at 48.50 on Tuesday. Premier Oil PLC has a 12-month low of GBX 19.00 and a 12-month high of GBX 82.00. The firm’s 50-day moving average price is GBX 67.23 and its 200 day moving average price is GBX 68.94. The stock’s market cap is GBX 247.74 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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