Premier Oil PLC (PMOIY) Receives Average Rating of “Hold” from Analysts

Shares of Premier Oil PLC (OTCMKTS:PMOIY) have received an average rating of “Hold” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $1.50.

PMOIY has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Premier Oil from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research note on Tuesday, December 26th. Stifel Nicolaus cut shares of Premier Oil from a “buy” rating to a “hold” rating in a research note on Thursday. Royal Bank of Canada cut shares of Premier Oil from an “outperform” rating to a “sector perform” rating in a research note on Tuesday. ValuEngine cut shares of Premier Oil from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Macquarie cut shares of Premier Oil from a “neutral” rating to an “underperform” rating in a research note on Wednesday.

Premier Oil (PMOIY) opened at $1.42 on Thursday. Premier Oil has a 1-year low of $0.56 and a 1-year high of $1.52. The company has a debt-to-equity ratio of 3.11, a current ratio of 0.81 and a quick ratio of 0.79.

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Premier Oil 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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