Premier Oil PLC (LON:PMO) has been given an average rating of “Hold” by the fifteen brokerages that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 84.90 ($1.11).

Several research analysts have recently weighed in on PMO shares. Peel Hunt reiterated a “buy” rating and set a GBX 90 ($1.18) price objective on shares of Premier Oil PLC in a report on Monday, May 15th. Deutsche Bank AG increased their price objective on shares of Premier Oil PLC from GBX 74 ($0.97) to GBX 75 ($0.98) and gave the stock a “hold” rating in a report on Tuesday, April 18th. Jefferies Group LLC lowered shares of Premier Oil PLC to a “hold” rating and cut their price objective for the stock from GBX 90 ($1.18) to GBX 68 ($0.89) in a report on Wednesday, May 17th. GMP Securities reiterated a “speculative buy” rating on shares of Premier Oil PLC in a report on Friday, June 16th. Finally, Canaccord Genuity reiterated a “hold” rating and set a GBX 65 ($0.85) price objective on shares of Premier Oil PLC in a report on Tuesday, May 16th.

In other news, insider Tony Durrant acquired 226,868 shares of the stock in a transaction on Thursday, June 22nd. The stock was bought at an average price of GBX 44 ($0.57) per share, with a total value of £99,821.92 ($130,349.86). Also, insider Richard Rose acquired 25,000 shares of the stock in a transaction on Monday, June 26th. The stock was purchased at an average cost of GBX 45 ($0.59) per share, with a total value of £11,250 ($14,690.52). Insiders acquired 252,564 shares of company stock valued at $11,147,100 in the last ninety days.

Premier Oil PLC (LON:PMO) traded down 0.43% during midday trading on Friday, hitting GBX 57.75. 2,534,714 shares of the stock were exchanged. The stock’s market cap is GBX 294.53 million. Premier Oil PLC has a 12-month low of GBX 42.75 and a 12-month high of GBX 99.50. The firm has a 50 day moving average of GBX 52.41 and a 200-day moving average of GBX 66.12.

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Premier Oil PLC Company Profile

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.

Analyst Recommendations for Premier Oil PLC (LON:PMO)

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