Premier Oil Given Buy Rating at Societe Generale (PMO)
Premier Oil (LON: PMO)‘s stock had its “buy” rating reaffirmed by research analysts at Societe Generale in a report released on Monday. They currently have a $6.95 (460 GBX) target price on the stock.
Premier Oil traded up 1.25% on Monday, hitting GBX 380.10. Premier Oil has a 52-week low of GBX 314.30 and a 52-week high of GBX 452.70. The stock’s 50-day moving average is currently GBX 370.6. The company’s market cap is £1.990 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Premier Oil in a research note to investors on Thursday. They now have a $9.14 price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Premier Oil in a research note to investors on Tuesday, January 29th. They now have a $8.95 price target on the stock. Finally, analysts at reiterated an “underperform” rating on shares of Premier Oil in a research note to investors on Friday, January 18th. They now have a $6.19 price target on the stock.
Premier Oil plc (Premier) is an independent exploration and production company with oil and gas interests in the North Sea, South East Asia and in the Middle East, Africa and Pakistan regions.
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