Peel Hunt reaffirmed their buy rating on shares of Premier Oil (LON:PMO) in a report issued on Friday morning.

A number of other analysts have also recently commented on PMO. Barclays reduced their price target on Premier Oil from GBX 170 ($2.22) to GBX 165 ($2.16) and set an overweight rating for the company in a research report on Thursday, August 16th. UBS Group restated a buy rating and issued a GBX 170 ($2.22) price target on shares of Premier Oil in a research report on Friday, August 24th. Royal Bank of Canada upped their price target on Premier Oil from GBX 180 ($2.35) to GBX 230 ($3.01) and gave the stock a top pick rating in a research report on Monday, October 15th. Jefferies Financial Group restated a buy rating and issued a GBX 225 ($2.94) price target on shares of Premier Oil in a research report on Monday, October 22nd. Finally, Berenberg Bank initiated coverage on Premier Oil in a research report on Thursday, November 1st. They issued a hold rating and a GBX 140 ($1.83) price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Premier Oil has an average rating of Buy and a consensus target price of GBX 149.44 ($1.95).

Shares of PMO opened at GBX 75.85 ($0.99) on Friday. Premier Oil has a 52 week low of GBX 42.75 ($0.56) and a 52 week high of GBX 104.56 ($1.37).

In other Premier Oil news, insider Richard Rose bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was purchased at an average price of GBX 84 ($1.10) per share, for a total transaction of £16,800 ($21,952.18).

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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Analyst Recommendations for Premier Oil (LON:PMO)

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