Premier Oil Now Covered by Wells Fargo & Co. (PMO)
Investment analysts at Wells Fargo & Co. began coverage on shares of Premier Oil (LON:PMO) in a note issued to investors on Monday, American Banking News.com reports. The firm set an “outperform” rating on the stock.
Shares of Premier Oil (LON:PMO) traded up 2.29% during mid-day trading 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’s 50-day moving average is GBX 343.2 and its 200-day moving average is GBX 357.6. The company’s market cap is £1.798 billion.
Several other analysts have also recently commented on the stock. Analysts at Raymond James initiated coverage on shares of Premier Oil in a research note to investors on Monday. They set an “outperform” rating on the stock. Separately, analysts at Piper Jaffray Cos. initiated coverage on shares of Premier Oil in a research note to investors on Monday. They set a “neutral” rating on the stock. Finally, 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. Three research analysts have rated the stock with a sell rating, four have given a hold rating and twenty-four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of GBX 440.98 ($7.13).
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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