Premier Oil PLC Rating Reiterated by Sanford C. Bernstein (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “outperform” rating restated by stock analysts at Sanford C. Bernstein in a report issued on Friday, AR Network reports. They currently have a GBX 460 ($7.71) price target on the stock. Sanford C. Bernstein’s price target would indicate a potential upside of 54.57% 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 PLC in a research note on Thursday. They now have a GBX 375 ($6.28) price target on the stock. Separately, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Premier Oil PLC in a research note on Wednesday. They now have a GBX 325 ($5.45) price target on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of Premier Oil PLC in a research note on Thursday, February 13th. They now have a GBX 320 ($5.36) price target on the stock. Nine investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 376.02 ($6.30).
Premier Oil PLC (LON:PMO) opened at 297.5983 on Friday. Premier Oil PLC has a 52-week low of GBX 267.50 and a 52-week high of GBX 405.00. The stock’s 50-day moving average is GBX 292.9 and its 200-day moving average is GBX 323.5. The company’s market cap is £1.575 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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