Premier Oil PLC (PMOIY) Receives $1.75 Consensus Target Price from Analysts
Premier Oil PLC (OTCMKTS:PMOIY) has been assigned an average rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $1.75.
A number of research firms recently issued reports on PMOIY. ValuEngine raised Premier Oil from a “sell” rating to a “hold” rating in a research note on Monday. Zacks Investment Research raised Premier Oil from a “hold” rating to a “buy” rating and set a $1.75 target price on the stock in a research note on Thursday, October 25th.
Shares of OTCMKTS:PMOIY traded down $0.06 during trading on Wednesday, hitting $1.16. 6,208 shares of the stock were exchanged, compared to its average volume of 6,014. 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 has a 12-month low of $0.86 and a 12-month high of $1.95.
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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