Premier Oil PLC (PMO) Receives Consensus Rating of “Hold” from Analysts
Shares of Premier Oil PLC (LON:PMO) have been given a consensus rating of “Hold” by the twelve analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 74.11 ($0.96).
Several equities research analysts have weighed in on the stock. Deutsche Bank AG restated a “hold” rating and issued a GBX 56 ($0.72) price objective on shares of Premier Oil PLC in a research report on Thursday, July 13th. Barclays PLC raised their price objective on shares of Premier Oil PLC from GBX 57 ($0.74) to GBX 72 ($0.93) and gave the company an “equal weight” rating in a research report on Friday, July 14th. Peel Hunt lowered their price objective on shares of Premier Oil PLC from GBX 90 ($1.16) to GBX 80 ($1.03) and set a “buy” rating for the company in a research report on Thursday, July 20th. Jefferies Group LLC cut shares of Premier Oil PLC to a “hold” rating and lowered their price objective for the company from GBX 90 ($1.16) to GBX 68 ($0.88) in a research report on Wednesday, May 17th. Finally, Canaccord Genuity restated a “hold” rating and issued a GBX 65 ($0.84) price objective on shares of Premier Oil PLC in a research report on Tuesday, May 16th.
Shares of Premier Oil PLC (LON PMO) traded down 2.42% during trading on Friday, hitting GBX 60.50. The stock had a trading volume of 993,354 shares. Premier Oil PLC has a 12-month low of GBX 42.75 and a 12-month high of GBX 99.50. The stock’s 50-day moving average is GBX 56.66 and its 200-day moving average is GBX 58.74. The stock’s market cap is GBX 309.03 million.
Premier Oil PLC (LON:PMO) last announced its earnings results on Thursday, August 24th. The oil producer reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Premier Oil PLC had a net margin of 6.70% and a return on equity of 8.70%. On average, equities research analysts expect that Premier Oil PLC will post ($0.04) EPS for the current year.
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In other Premier Oil PLC news, insider Tony Durrant bought 226,868 shares of Premier Oil PLC stock in a transaction dated Thursday, June 22nd. The shares were bought at an average price of GBX 44 ($0.57) per share, with a total value of £99,821.92 ($128,918.92). Also, insider Richard Rose bought 25,000 shares of Premier Oil PLC stock in a transaction dated Monday, June 26th. The stock was acquired at an average cost of GBX 45 ($0.58) per share, for a total transaction of £11,250 ($14,529.25). Insiders bought a total of 252,542 shares of company stock worth $11,144,623 in the last ninety days.
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.
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