Premier Oil PLC’s (PMO) Neutral Rating Reaffirmed at Davy Research
Several other research firms have also weighed in on PMO. Credit Suisse Group AG raised their price objective on shares of Premier Oil PLC from GBX 65 ($0.81) to GBX 70 ($0.87) and gave the stock an underperform rating in a report on Friday, August 19th. Beaufort Securities reaffirmed a speculative buy rating on shares of Premier Oil PLC in a report on Friday, August 19th. Deutsche Bank AG reaffirmed a buy rating and set a GBX 90 ($1.12) price objective on shares of Premier Oil PLC in a report on Friday, August 19th. Jefferies Group raised their price target on shares of Premier Oil PLC from GBX 75 ($0.94) to GBX 88 ($1.10) and gave the company a hold rating in a report on Monday, August 22nd. Finally, Liberum Capital reissued a buy rating and issued a GBX 136 ($1.70) price target on shares of Premier Oil PLC in a report on Thursday, August 18th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of GBX 96.06 ($1.20).
Shares of Premier Oil PLC (LON:PMO) traded up 1.7361% during midday trading on Thursday, hitting GBX 54.9375. The stock had a trading volume of 6,602,390 shares. The stock’s market cap is GBX 280.62 million. The stock has a 50-day moving average of GBX 66.46 and a 200 day moving average of GBX 68.59. Premier Oil PLC has a 52 week low of GBX 19.00 and a 52 week high of GBX 82.00.
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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