Analysts Set Premier Oil PLC (PMO) PT at $74.11
Shares of Premier Oil PLC (LON:PMO) have earned a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 74.11 ($0.96).
A number of analysts have commented on PMO shares. Peel Hunt reaffirmed a “buy” rating and set a GBX 90 ($1.16) target price on shares of Premier Oil PLC in a report on Monday, May 15th. Jefferies Group LLC cut shares of Premier Oil PLC to a “hold” rating and reduced their target price for the company from GBX 90 ($1.16) to GBX 68 ($0.88) in a report on Wednesday, May 17th. GMP Securities reaffirmed a “speculative buy” rating on shares of Premier Oil PLC in a report on Friday, June 16th. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 65 ($0.84) target price on shares of Premier Oil PLC in a report on Tuesday, May 16th. Finally, Deutsche Bank AG reduced their target price on shares of Premier Oil PLC from GBX 75 ($0.97) to GBX 56 ($0.72) and set a “hold” rating for the company in a report on Thursday, July 6th.
In related news, insider Richard Rose bought 25,000 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average price of GBX 45 ($0.58) per share, for a total transaction of £11,250 ($14,529.25). Also, insider Tony Durrant bought 226,868 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were bought at an average price of GBX 44 ($0.57) per share, with a total value of £99,821.92 ($128,918.92). In the last 90 days, insiders have purchased 252,542 shares of company stock valued at $11,144,623.
Premier Oil PLC (LON:PMO) traded up 1.30% on Friday, reaching GBX 58.50. 728,688 shares of the company traded hands. Premier Oil PLC has a 1-year low of GBX 42.75 and a 1-year high of GBX 99.50. The stock’s 50-day moving average is GBX 56.68 and its 200-day moving average is GBX 58.26. The stock’s market capitalization is GBX 298.82 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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