Premier Oil PLC (PMO) Earns Buy Rating from Analysts at Peel Hunt
Peel Hunt started coverage on shares of Premier Oil PLC (LON:PMO) in a research report released on Thursday. The firm issued a buy rating and a GBX 90 ($1.11) price target on the oil producer’s stock.
A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Premier Oil PLC in a research report on Wednesday, December 7th. Davy Research reaffirmed a neutral rating on shares of Premier Oil PLC in a research report on Thursday, November 17th. Barclays PLC downgraded shares of Premier Oil PLC to an equal weight rating and set a GBX 100 ($1.24) price objective on the stock. in a research report on Monday, January 9th. Jefferies Group LLC raised shares of Premier Oil PLC to a buy rating and set a GBX 88 ($1.09) price objective on the stock in a research report on Friday, November 18th. Finally, Deutsche Bank AG reaffirmed a hold rating on shares of Premier Oil PLC in a research report on Wednesday, January 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 92.75 ($1.15).
Premier Oil PLC (LON:PMO) opened at 63.75 on Thursday. Premier Oil PLC has a 12 month low of GBX 38.15 and a 12 month high of GBX 99.50. The company’s 50-day moving average is GBX 72.97 and its 200-day moving average is GBX 70.93. The company’s market cap is GBX 325.63 million.
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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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