Very Positive Press Coverage Extremely Likely to Affect Premier Oil (PMOIY) Stock Price
News articles about Premier Oil (OTCMKTS:PMOIY) have trended very positive on Thursday, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Premier Oil earned a news sentiment score of 3.29 on their scale. InfoTrie also assigned headlines about the energy producer an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the near term.
Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of Premier Oil from a “sell” rating to a “hold” rating in a research note on Monday, November 19th. Zacks Investment Research raised shares of Premier Oil from a “hold” rating to a “buy” rating and set a $1.75 price target for the company in a research note on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Premier Oil currently has a consensus rating of “Hold” and an average price target of $1.75.
OTCMKTS:PMOIY opened at $1.05 on Thursday. Premier Oil has a 1-year low of $0.86 and a 1-year high of $1.95. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.86 and a current ratio of 0.89.
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Premier Oil plc, an oil and gas company, engages in the exploration, production, and development of oil and gas properties primarily in the Falkland Islands, Indonesia, Pakistan, the United Kingdom, Vietnam, and internationally. As of December 31, 2017, it had proven and probable reserves (2P) of 302 million barrels of oil equivalent (mmboe); and 2P reserves and 2C resources of 902 mmboe.
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