Premier Oil PLC (PMO) Earns “Buy” Rating from Deutsche Bank AG
A number of other equities research analysts have also recently issued reports on the company. Canaccord Genuity restated a hold rating and set a GBX 85 ($1.11) price objective on shares of Premier Oil PLC in a report on Wednesday, August 31st. Liberum Capital reduced their price objective on Premier Oil PLC from GBX 136 ($1.78) to GBX 130 ($1.70) and set a buy rating for the company in a report on Wednesday, August 24th. Barclays PLC restated an overweight rating and set a GBX 100 ($1.31) price objective on shares of Premier Oil PLC in a report on Tuesday, August 23rd. Jefferies Group boosted their price target on Premier Oil PLC from GBX 75 ($0.98) to GBX 88 ($1.15) and gave the company a hold rating in a research note on Monday, August 22nd. Finally, Credit Suisse Group AG boosted their price target on Premier Oil PLC from GBX 65 ($0.85) to GBX 70 ($0.91) and gave the company an underperform rating in a research note on Friday, August 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. Premier Oil PLC has a consensus rating of Hold and a consensus 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 firm’s market capitalization is GBX 344.79 million. Premier Oil PLC has a 1-year low of GBX 19.00 and a 1-year high of GBX 96.95.
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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