Deutsche Bank AG Reaffirms “Buy” Rating for Premier Oil PLC (PMOIY)
Several other brokerages have also recently commented on PMOIY. Zacks Investment Research cut Premier Oil PLC from a hold rating to a sell rating in a report on Thursday, June 2nd. Macquarie upgraded Premier Oil PLC from a neutral rating to an outperform rating in a report on Thursday, July 14th. Citigroup Inc. restated a neutral rating on shares of Premier Oil PLC in a report on Friday, July 15th. Davy Research restated a neutral rating on shares of Premier Oil PLC in a report on Friday, August 5th. Finally, Beaufort Securities restated a buy rating on shares of Premier Oil PLC in a report on Monday, August 22nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $1.00.
Shares of Premier Oil PLC (NASDAQ:PMOIY) opened at 0.84 on Friday. The firm’s 50-day moving average price is $0.91 and its 200 day moving average price is $0.88. Premier Oil PLC has a 12-month low of $0.28 and a 12-month high of $1.40. The firm’s market cap is $429.07 million.
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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