Premier Oil PLC (PMO) Rating Reiterated by Barclays PLC
Premier Oil PLC (LON:PMO)‘s stock had its “overweight” rating reissued by analysts at Barclays PLC in a research report issued on Friday.
A number of other equities analysts have also weighed in on the company. Canaccord Genuity increased their target price on Premier Oil PLC from GBX 80 ($1.00) to GBX 85 ($1.06) and gave the stock a “hold” rating in a research note on Monday, August 22nd. Deutsche Bank AG reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Monday, July 25th. Jefferies Group reiterated a “hold” rating and set a GBX 88 ($1.10) target price on shares of Premier Oil PLC in a research note on Thursday, October 6th. 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. Finally, Davy Research reiterated 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, seven have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 96.06 ($1.20).
Premier Oil PLC (LON:PMO) opened at 56.50 on Friday. Premier Oil PLC has a 52 week low of GBX 19.00 and a 52 week high of GBX 82.00. The firm’s market cap is GBX 288.60 million. The company has a 50-day moving average of GBX 65.94 and a 200 day moving average of GBX 68.41.
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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