Premier Oil PLC (LON:PMO)‘s stock had its “equal weight” rating reiterated by stock analysts at Barclays PLC in a note issued to investors on Friday. They presently have a GBX 72 ($0.94) price target on the oil producer’s stock. Barclays PLC’s price target would suggest a potential upside of 24.68% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Peel Hunt reissued a “buy” rating and set a GBX 90 ($1.18) price objective on shares of Premier Oil PLC in a research report on Monday, May 15th. Deutsche Bank AG boosted their price objective on shares of Premier Oil PLC from GBX 74 ($0.97) to GBX 75 ($0.98) and gave the company a “hold” rating in a research report on Tuesday, April 18th. Jefferies Group LLC downgraded shares of Premier Oil PLC to a “hold” rating and cut their price objective for the company from GBX 90 ($1.18) to GBX 68 ($0.89) in a research report on Wednesday, May 17th. GMP Securities reissued a “speculative buy” rating on shares of Premier Oil PLC in a research report on Friday, June 16th. Finally, Canaccord Genuity reissued a “hold” rating and set a GBX 65 ($0.85) price objective on shares of Premier Oil PLC in a research report on Tuesday, May 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Premier Oil PLC has a consensus rating of “Hold” and a consensus price target of GBX 84.90 ($1.11).

Premier Oil PLC (LON:PMO) traded down 0.43% during trading on Friday, hitting GBX 57.75. The stock had a trading volume of 2,534,714 shares. The company has a 50-day moving average price of GBX 52.41 and a 200-day moving average price of GBX 66.12. The company’s market cap is GBX 294.53 million. Premier Oil PLC has a 52-week low of GBX 42.75 and a 52-week high of GBX 99.50.

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

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.

Analyst Recommendations for Premier Oil PLC (LON:PMO)

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