Premier Oil’s Buy Rating Reaffirmed at Societe Generale (PMO)
Premier Oil (LON:PMO)‘s stock had its “buy” rating reaffirmed by analysts at Societe Generale in a research report issued to clients and investors on Thursday, Stock Ratings Network.com reports. They currently have a GBX 450 ($7.26) price objective on the stock. Societe Generale’s price objective suggests a potential upside of 38.37% from the company’s current price.
PMO has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Premier Oil (LON:PMO) in a research note to investors on Wednesday. They now have a GBX 440 ($7.10) price target on the stock. Separately, analysts at Nomura cut their price target on shares of Premier Oil (LON:PMO) from GBX 550 ($8.87) to GBX 450 ($7.26) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Liberum Capital reiterated a “sell” rating on shares of Premier Oil (LON:PMO) in a research note to investors on Wednesday. They now have a GBX 300 ($4.84) price target on the stock. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twenty have assigned a buy rating to the company. Premier Oil presently has an average rating of “Buy” and a consensus target price of GBX 482.60 ($7.79).
Shares of Premier Oil (LON:PMO) traded down 0.24% on Thursday, hitting GBX 331.30. The stock had a trading volume of 1,379,336 shares. Premier Oil has a 52-week low of GBX 314.30 and a 52-week high of GBX 405.00. The stock has a 50-day moving average of GBX 357.9 and a 200-day moving average of GBX 366.0. The company’s market cap is £1.753 billion.
Premier Oil plc (LON:PMO) is an independent exploration and production company with oil and gas interests in the North Sea, South East Asia and in the Middle East, Africa and Pakistan regions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.