Premier Oil Rating Reiterated by BNP Paribas (PMO)
Premier Oil (LON:PMO)‘s stock had its “underperform” rating restated by investment analysts at BNP Paribas in a note issued to investors on Thursday, AnalystRatingsNetwork reports. They currently have a GBX 318 ($5.22) price objective on the stock. BNP Paribas’ price target suggests a potential upside of 12.81% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Premier Oil in a research note to investors on Wednesday. They now have a GBX 388 ($6.37) price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Premier Oil from GBX 381 ($6.25) to GBX 376 ($6.17) in a research note to investors on Friday, January 17th. They now have an “outperform” rating on the stock. Finally, analysts at UBS AG cut their price target on shares of Premier Oil from GBX 400 ($6.57) to GBX 350 ($5.75) in a research note to investors on Friday, January 17th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 399.41 ($6.56).
Shares of Premier Oil (LON:PMO) traded up 0.67% on Thursday, hitting GBX 283.80. The stock had a trading volume of 890,254 shares. Premier Oil has a one year low of GBX 280.40 and a one year high of GBX 405.00. The stock has a 50-day moving average of GBX 303.2 and a 200-day moving average of GBX 334.2. The company’s market cap is £1.502 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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