Premier Oil PLC (PMO) Earns “Buy” Rating from Deutsche Bank AG
Several other brokerages have also weighed in on PMO. Barclays PLC raised Premier Oil PLC to an overweight rating and upped their target price for the stock from GBX 85 ($1.11) to GBX 95 ($1.24) in a research report on Thursday, June 9th. Beaufort Securities reiterated a speculative buy rating on shares of Premier Oil PLC in a research note on Friday, August 19th. Credit Suisse Group AG upped their price target on Premier Oil PLC from GBX 65 ($0.85) to GBX 70 ($0.91) and gave the stock an underperform rating in a research note on Friday, August 19th. Jefferies Group upped their price target on Premier Oil PLC from GBX 75 ($0.98) to GBX 88 ($1.15) and gave the stock a hold rating in a research note on Monday, August 22nd. Finally, Liberum Capital reiterated a buy rating and set a GBX 136 ($1.78) price target on shares of Premier Oil PLC in a research note on Thursday, August 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of GBX 114.12 ($1.49).
Shares of Premier Oil PLC (LON:PMO) opened at 67.50 on Thursday. The stock has a 50 day moving average price of GBX 68.04 and a 200-day moving average price of GBX 64.16. The company’s market capitalization is GBX 344.79 million. Premier Oil PLC has a one year low of GBX 19.00 and a one year high of GBX 96.95.
Premier Oil PLC 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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