ValuEngine Upgrades Premier Oil (PMOIY) to Hold
Premier Oil (OTCMKTS:PMOIY) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Monday.
Separately, 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 report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $1.75.
PMOIY opened at $1.16 on Monday. 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 one year low of $0.86 and a one year 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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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