Sanford C. Bernstein Reiterates “Outperform” Rating for Premier Oil PLC (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “outperform” rating reaffirmed by Sanford C. Bernstein in a research note issued on Tuesday. They currently have a GBX 460 ($7.73) target price on the stock. Sanford C. Bernstein’s price target suggests a potential upside of 31.77% from the company’s current price.
Premier Oil PLC (LON:PMO) traded down 1.40% during mid-day trading on Tuesday, hitting GBX 344.20. 510,110 shares of the company’s stock traded hands. Premier Oil PLC has a 52 week low of GBX 267.50 and a 52 week high of GBX 374.10. The stock has a 50-day moving average of GBX 341.1 and a 200-day moving average of GBX 311.0. The company’s market cap is £1.811 billion.
A number of other firms have also recently commented on PMO. Analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Premier Oil PLC in a research note on Thursday, June 5th. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Premier Oil PLC in a research note on Wednesday, June 4th. Finally, analysts at Canaccord Genuity raised their price target on shares of Premier Oil PLC from GBX 390 ($6.56) to GBX 400 ($6.72) in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock. Twelve equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of GBX 355.24 ($5.97).
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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