Premier Oil (PMOIY) Downgraded by ValuEngine
ValuEngine cut shares of Premier Oil (OTCMKTS:PMOIY) from a hold rating to a sell rating in a research report released on Tuesday.
Several other equities analysts also recently weighed in on PMOIY. Zacks Investment Research upgraded shares of Premier Oil from a hold rating to a buy rating and set a $1.75 target price for the company in a research note on Thursday, October 25th. Investec downgraded shares of Premier Oil from a buy rating to a hold rating in a research note on Friday, July 20th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $1.75.
OTCMKTS PMOIY opened at $1.20 on Tuesday. Premier Oil has a 52-week low of $0.86 and a 52-week high of $1.95. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.89 and a quick ratio of 0.86.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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