Shares of Premier Oil PLC (LON:PMO) have been assigned a consensus rating of “Hold” from the fourteen research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 84.90 ($1.10).

A number of analysts recently commented on the company. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 72 ($0.93) price target on shares of Premier Oil PLC in a research report on Friday, July 21st. Peel Hunt decreased their price target on Premier Oil PLC from GBX 90 ($1.17) to GBX 80 ($1.04) and set a “buy” rating for the company in a research report on Thursday, July 20th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 56 ($0.73) price target on shares of Premier Oil PLC in a research report on Thursday, July 13th. GMP Securities reaffirmed a “speculative buy” rating on shares of Premier Oil PLC in a research report on Friday, June 16th. Finally, Jefferies Group LLC downgraded Premier Oil PLC to a “hold” rating and decreased their price target for the company from GBX 90 ($1.17) to GBX 68 ($0.88) in a research report on Wednesday, May 17th.

Shares of Premier Oil PLC (LON:PMO) traded down 3.67% on Tuesday, hitting GBX 52.50. The stock had a trading volume of 1,766,767 shares. Premier Oil PLC has a 52 week low of GBX 42.75 and a 52 week high of GBX 99.50. The company’s market capitalization is GBX 267.75 million. The company has a 50-day moving average of GBX 55.18 and a 200 day moving average of GBX 61.93.

In related news, insider Richard Rose purchased 25,000 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was purchased at an average cost of GBX 45 ($0.58) per share, with a total value of £11,250 ($14,604.70). Also, insider Tony Durrant purchased 226,868 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was bought at an average cost of GBX 44 ($0.57) per share, with a total value of £99,821.92 ($129,588.37). Insiders acquired 252,535 shares of company stock valued at $11,144,663 over the last three months.

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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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