Premier Oil’s (PMOIY) “Hold” Rating Reiterated at Stifel Nicolaus
Stifel Nicolaus reissued their hold rating on shares of Premier Oil (OTCMKTS:PMOIY) in a report published on Thursday, Marketbeat.com reports.
PMOIY has been the subject of several other research reports. Zacks Investment Research raised Premier Oil from a hold rating to a buy rating and set a $1.50 price target for the company in a report on Wednesday, January 10th. Macquarie lowered Premier Oil from a neutral rating to an underperform rating in a report on Wednesday. Royal Bank of Canada lowered Premier Oil from an outperform rating to a sector perform rating in a report on Tuesday, January 16th. Finally, ValuEngine lowered Premier Oil from a hold rating to a sell rating in a report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $1.50.
Shares of Premier Oil (OTCMKTS PMOIY) opened at $1.20 on Thursday. Premier Oil has a fifty-two week low of $0.56 and a fifty-two week high of $1.52. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.11.
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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