Premier Oil PLC (PMO) Stock Rating Reaffirmed by Deutsche Bank AG
A number of other research firms have also weighed in on PMO. Barclays PLC upgraded Premier Oil PLC to an overweight rating and raised their target price for the company from GBX 85 ($1.11) to GBX 95 ($1.24) in a report on Thursday, June 9th. Beaufort Securities restated a speculative buy rating on shares of Premier Oil PLC in a report on Friday, August 19th. Credit Suisse Group AG raised their target price on Premier Oil PLC from GBX 65 ($0.85) to GBX 70 ($0.91) and gave the company an underperform rating in a report on Friday, August 19th. Jefferies Group raised their target price on Premier Oil PLC from GBX 75 ($0.98) to GBX 88 ($1.15) and gave the company a hold rating in a report on Monday, August 22nd. Finally, Liberum Capital restated a buy rating and issued a GBX 136 ($1.78) target price on shares of Premier Oil PLC in a report on Thursday, August 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 114.12 ($1.49).
Shares of Premier Oil PLC (LON:PMO) opened at 64.25 on Thursday. The stock’s 50 day moving average price is GBX 68.09 and its 200-day moving average price is GBX 64.40. The company’s market capitalization is GBX 328.19 million. Premier Oil PLC has a 52-week low of GBX 19.00 and a 52-week 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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