Premier Oil PLC (PMOIY) Given Consensus Recommendation of “Hold” by Brokerages

Premier Oil PLC (OTCMKTS:PMOIY) has earned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $1.50.

PMOIY has been the topic of a number of analyst reports. Stifel Nicolaus restated a “hold” rating on shares of Premier Oil in a research note on Thursday, January 18th. ValuEngine downgraded Premier Oil from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Royal Bank of Canada downgraded Premier Oil from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 16th. Zacks Investment Research upgraded Premier Oil from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a research note on Wednesday, January 10th. Finally, Macquarie downgraded Premier Oil from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 17th.

Shares of Premier Oil (OTCMKTS:PMOIY) opened at $1.18 on Monday. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.79 and a current ratio of 0.81. Premier Oil has a 12 month low of $0.56 and a 12 month high of $1.52.

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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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