Premier Oil Receives New Coverage from Analysts at ISI Group (PMO)
ISI Group assumed coverage on shares of Premier Oil (LON:PMO) in a research note issued on Tuesday, Analyst Ratings Net reports. The firm set a “neutral” rating and a GBX 33.50 ($0.54) price target on the stock. ISI Group’s price target suggests a potential downside of 89.70% from the stock’s previous close.
Premier Oil (LON:PMO) traded down 1.57% during mid-day trading on Tuesday, hitting GBX 325.20. The stock had a trading volume of 937,480 shares. Premier Oil has a one year low of GBX 314.30 and a one year high of GBX 405.00. The stock’s 50-day moving average is GBX 357.9 and its 200-day moving average is GBX 366.0. The company’s market cap is £1.721 billion.
PMO has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Premier Oil in a research note to investors on Friday. They now have a GBX 592 ($9.50) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of Premier Oil in a research note to investors on Friday. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of Premier Oil in a research note to investors on Thursday, October 3rd. They now have a GBX 450 ($7.22) price target on the stock. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the stock. Premier Oil presently has an average rating of “Buy” and an average target price of GBX 461.21 ($7.40).
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.
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