Premier Oil PLC (PMO) Receives Average Rating of “Hold” from Brokerages
Shares of Premier Oil PLC (LON:PMO) have earned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 80.80 ($1.03).
A number of equities research analysts have commented on the company. GMP Securities reiterated a “speculative buy” rating on shares of Premier Oil PLC in a research report on Friday, June 16th. Barclays PLC reduced their price target on Premier Oil PLC from GBX 70 ($0.89) to GBX 57 ($0.73) and set an “equal weight” rating on the stock in a research report on Thursday. Macquarie reduced their price target on Premier Oil PLC from GBX 69 ($0.88) to GBX 14 ($0.18) and set an “underperform” rating on the stock in a research report on Wednesday, June 21st. Jefferies Group LLC reduced their price target on Premier Oil PLC from GBX 106 ($1.35) to GBX 90 ($1.14) and set a “buy” rating on the stock in a research report on Monday, March 13th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 90 ($1.14) price target on shares of Premier Oil PLC in a research report on Wednesday, April 5th.
COPYRIGHT VIOLATION NOTICE: “Premier Oil PLC (PMO) Receives Average Rating of “Hold” from Brokerages” was posted by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.americanbankingnews.com/2017/06/26/premier-oil-plc-pmo-receives-average-rating-of-hold-from-brokerages.html.
In other news, insider Iain Macdonald purchased 23,076 shares of the business’s stock in a transaction on Thursday, April 13th. The shares were acquired at an average price of GBX 65 ($0.83) per share, for a total transaction of £14,999.40 ($19,078.35). Also, insider Tony Durrant purchased 226,868 shares of the business’s stock in a transaction on Thursday, June 22nd. The stock was purchased at an average price of GBX 44 ($0.56) per share, for a total transaction of £99,821.92 ($126,967.59). In the last 90 days, insiders have purchased 275,641 shares of company stock worth $12,649,721.
Shares of Premier Oil PLC (LON PMO) traded down 1.67% on Monday, hitting GBX 44.25. The company had a trading volume of 1,736,938 shares. The company’s market capitalization is GBX 226.04 million. The firm has a 50-day moving average price of GBX 56.72 and a 200 day moving average price of GBX 68.69. Premier Oil PLC has a 12-month low of GBX 44.13 and a 12-month high of GBX 99.50.
About Premier Oil PLC
Premier Oil plc is an independent exploration and production company with oil and gas interests in the North Sea, South East Asia, Pakistan, the Falkland Islands and Latin America. The Company is engaged in the business of upstream oil and gas exploration and production. The Company’s operations are located and managed in six business units: the Falkland Islands, Indonesia, Pakistan (including Mauritania), the United Kingdom, Vietnam and the Rest of the World.
Receive News & Ratings for Premier Oil PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premier Oil PLC and related companies with MarketBeat.com's FREE daily email newsletter.