Premier Oil Coverage Initiated by Analysts at Piper Jaffray Cos. (PMO)
Equities research analysts at Piper Jaffray Cos. assumed coverage on shares of Premier Oil (LON:PMO) in a research note issued to investors on Monday, AR Network reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on PMO. Analysts at Merrill Lynch initiated coverage on shares of Premier Oil in a research note to investors on Monday. They set a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of Premier Oil in a research note to investors on Monday. They set an “overweight” rating and a GBX 36 ($0.58) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “buy” rating on shares of Premier Oil in a research note to investors on Wednesday, October 16th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 440.98 ($7.13).
Shares of Premier Oil (LON:PMO) traded up 2.29% on Monday, hitting GBX 339.80. The stock had a trading volume of 1,604,899 shares. Premier Oil has a one year low of GBX 314.30 and a one year high of GBX 405.00. The stock has a 50-day moving average of GBX 343.2 and a 200-day moving average of GBX 357.6. The company’s market cap is £1.798 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.
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