Insider Buying: Premier Oil PLC (PMO) Insider Buys 177 Shares of Stock
Premier Oil PLC (LON:PMO) insider Tony Durrant bought 177 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was purchased at an average price of GBX 70 ($0.92) per share, for a total transaction of £123.90 ($163.50).
Tony Durrant also recently made the following trade(s):
- On Monday, October 2nd, Tony Durrant bought 188 shares of Premier Oil PLC stock. The stock was purchased at an average price of GBX 67 ($0.88) per share, for a total transaction of £125.96 ($166.22).
- On Friday, September 1st, Tony Durrant bought 223 shares of Premier Oil PLC stock. The stock was purchased at an average price of GBX 56 ($0.74) per share, for a total transaction of £124.88 ($164.79).
Several equities analysts have weighed in on PMO shares. Peel Hunt reiterated a “buy” rating and issued a GBX 80 ($1.06) target price on shares of Premier Oil PLC in a report on Tuesday, September 12th. Credit Suisse Group restated an “underperform” rating and issued a GBX 60 ($0.79) price objective on shares of Premier Oil PLC in a report on Tuesday, September 19th. Jefferies Group LLC restated a “hold” rating and issued a GBX 68 ($0.90) price objective on shares of Premier Oil PLC in a report on Wednesday, August 23rd. Royal Bank Of Canada upped their price objective on shares of Premier Oil PLC from GBX 75 ($0.99) to GBX 80 ($1.06) and gave the stock an “outperform” rating in a report on Tuesday, August 22nd. Finally, Barclays PLC upped their price objective on shares of Premier Oil PLC from GBX 57 ($0.75) to GBX 72 ($0.95) and gave the stock an “equal weight” rating in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Premier Oil PLC currently has a consensus rating of “Hold” and an average price target of GBX 77.56 ($1.02).
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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