Premier Oil PLC Given “Outperform” Rating at Sanford C. Bernstein (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “outperform” rating restated by equities researchers at Sanford C. Bernstein in a research report issued on Friday. They currently have a GBX 460 ($7.81) target price on the stock. Sanford C. Bernstein’s target price suggests a potential upside of 33.95% from the company’s current price.
Premier Oil PLC (LON:PMO) opened at 340.40 on Friday. Premier Oil PLC has a 1-year low of GBX 267.50 and a 1-year high of GBX 374.10. The stock’s 50-day moving average is GBX 345.8 and its 200-day moving average is GBX 312.. The company’s market cap is £1.791 billion.
A number of other firms have also recently commented on PMO. Analysts at Numis Securities Ltd downgraded shares of Premier Oil PLC to an “add” rating in a research note on Thursday. They now have a GBX 397 ($6.74) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Premier Oil PLC in a research note on Monday. They now have a GBX 370 ($6.28) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Friday, June 13th. Twelve analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 354.14 ($6.01).
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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