Premier Oil Rating Reiterated by Liberum Capital (PMO)
Premier Oil (LON:PMO)‘s stock had its “hold” rating reaffirmed by investment analysts at Liberum Capital in a note issued to investors on Monday, Analyst Ratings Net reports. They currently have a GBX 320 ($5.27) price target on the stock. Liberum Capital’s price objective suggests a potential upside of 15.23% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley cut their price target on shares of Premier Oil from GBX 450 ($7.41) to GBX 350 ($5.77) in a research note to investors on Friday. They now have an “equal weight” rating on the stock. Separately, analysts at BNP Paribas reiterated an “underperform” rating on shares of Premier Oil in a research note to investors on Thursday. They now have a GBX 318 ($5.24) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Premier Oil in a research note to investors on Wednesday, January 22nd. They now have a GBX 388 ($6.39) price target 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. Premier Oil currently has an average rating of “Buy” and a consensus price target of GBX 395.07 ($6.51).
Shares of Premier Oil (LON:PMO) traded down 1.94% during mid-day trading on Monday, hitting GBX 277.70. 2,626,572 shares of the company’s stock traded hands. Premier Oil has a one year low of GBX 277.00 and a one year high of GBX 405.00. The stock has a 50-day moving average of GBX 302.3 and a 200-day moving average of GBX 333.5. The company’s market cap is £1.469 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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