Jefferies Group LLC Reiterates Buy Rating for Premier Oil PLC (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Group LLC in a report released on Wednesday. They currently have a GBX 90 ($1.19) target price on the oil producer’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 34.33% from the company’s current price.
PMO has been the subject of several other research reports. Royal Bank Of Canada boosted their price target on shares of Premier Oil PLC from GBX 75 ($0.99) to GBX 80 ($1.06) and gave the stock an “outperform” rating in a report on Tuesday, August 22nd. Peel Hunt boosted their price target on shares of Premier Oil PLC from GBX 80 ($1.06) to GBX 100 ($1.33) and gave the stock a “buy” rating in a report on Monday. Deutsche Bank AG reiterated a “hold” rating and set a GBX 56 ($0.74) price target on shares of Premier Oil PLC in a report on Thursday, July 13th. Macquarie lowered their price target on shares of Premier Oil PLC from GBX 41 ($0.54) to GBX 40 ($0.53) and set an “underperform” rating for the company in a report on Tuesday, August 29th. Finally, Barclays PLC lowered their price target on shares of Premier Oil PLC from GBX 70 ($0.93) to GBX 57 ($0.76) and set an “equal weight” rating for the company in a report on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 76.33 ($1.01).
Shares of Premier Oil PLC (PMO) opened at 66.50 on Wednesday. The firm’s market capitalization is GBX 339.68 million. The firm has a 50-day moving average of GBX 60.22 and a 200 day moving average of GBX 58.49. Premier Oil PLC has a 52 week low of GBX 42.75 and a 52 week high of GBX 99.50.
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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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