Premier Oil PLC (PMO) Given Average Rating of “Hold” by Brokerages
Premier Oil PLC (LON:PMO) has earned an average rating of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 76.33 ($1.01).
Several research analysts have recently weighed in on PMO shares. Peel Hunt reissued a “buy” rating and set a GBX 80 ($1.06) price target on shares of Premier Oil PLC in a research report on Tuesday, September 12th. Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 60 ($0.80) target price on shares of Premier Oil PLC in a research report on Tuesday, September 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a GBX 68 ($0.90) target price on shares of Premier Oil PLC in a research report on Wednesday, August 23rd. Royal Bank Of Canada upped their target price on shares of Premier Oil PLC from GBX 75 ($0.99) to GBX 80 ($1.06) and gave the company an “outperform” rating in a research report on Tuesday, August 22nd. Finally, Barclays PLC upped their target price on shares of Premier Oil PLC from GBX 57 ($0.76) to GBX 72 ($0.96) and gave the company an “equal weight” rating in a research report on Friday, July 14th.
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Premier Oil PLC (LON PMO) traded down 1.12% during midday trading on Wednesday, hitting GBX 66.00. 1,780,269 shares of the stock traded hands. The firm’s market cap is GBX 337.13 million. Premier Oil PLC has a 52-week low of GBX 42.75 and a 52-week high of GBX 99.50. The stock has a 50-day moving average of GBX 59.82 and a 200 day moving average of GBX 58.43.
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.
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