Premier Oil’s (PMOIY) Hold Rating Reaffirmed at Stifel Nicolaus

Premier Oil (OTCMKTS:PMOIY)‘s stock had its “hold” rating reaffirmed by stock analysts at Stifel Nicolaus in a research note issued on Thursday, Marketbeat Ratings reports.

Several other brokerages also recently weighed in on PMOIY. Royal Bank of Canada downgraded shares of Premier Oil from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 16th. ValuEngine downgraded shares of Premier Oil from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Zacks Investment Research upgraded shares of Premier Oil from a “hold” rating to a “buy” rating and set a $1.50 target price for the company in a research note on Wednesday, January 10th. Finally, Macquarie downgraded shares of Premier Oil from a “neutral” rating to an “underperform” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $1.50.

Shares of Premier Oil (PMOIY) traded down $0.02 on Thursday, hitting $1.20. 2,681 shares of the stock traded hands, compared to its average volume of 2,452. Premier Oil has a twelve month low of $0.56 and a twelve month 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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About Premier Oil

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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