Premier Oil PLC Stock Rating Reaffirmed by Oriel Securities Ltd (PMO)
Shares of Premier Oil PLC (LON:PMO) traded up 1.67% on Thursday, hitting GBX 341.22. 484,018 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 341.9 and a 200-day moving average of GBX 311.3. The company’s market cap is £1.795 billion.
A number of other firms have also recently commented on PMO. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Premier Oil PLC in a research note on Tuesday. They now have a GBX 460 ($7.73) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Premier Oil PLC in a research note on Thursday, June 5th. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Premier Oil PLC in a research note on Wednesday, June 4th. Twelve analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Premier Oil PLC presently has a consensus rating of “Buy” and an average target price of GBX 355.53 ($5.98).
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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