UBS Group Reaffirms “Buy” Rating for Premier Oil (PMO)
UBS Group reiterated their buy rating on shares of Premier Oil (LON:PMO) in a report issued on Friday morning, investing.thisismoney.co.uk reports.
Other equities research analysts have also recently issued reports about the company. Barclays lowered their target price on Premier Oil from GBX 170 ($2.22) to GBX 165 ($2.16) and set an overweight rating for the company in a research note on Thursday, August 16th. Jefferies Financial Group reissued a buy rating and issued a GBX 225 ($2.94) target price on shares of Premier Oil in a research note on Monday, October 22nd. Investec lowered their target price on Premier Oil from GBX 135 ($1.76) to GBX 130 ($1.70) and set a hold rating for the company in a research note on Friday, July 20th. Berenberg Bank assumed coverage on Premier Oil in a research note on Thursday, November 1st. They issued a hold rating and a GBX 140 ($1.83) target price for the company. Finally, Peel Hunt reissued a buy rating on shares of Premier Oil in a research note on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Premier Oil currently has a consensus rating of Buy and an average price target of GBX 149.44 ($1.95).
PMO stock opened at GBX 81.58 ($1.07) on Friday. Premier Oil has a fifty-two week low of GBX 42.75 ($0.56) and a fifty-two week high of GBX 104.56 ($1.37).
About Premier Oil
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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