Premier Oil’s (PMO) “Buy” Rating Reiterated at Peel Hunt
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).
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.
Further Reading: Why is the conference call important?
Receive News & Ratings for Premier Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premier Oil and related companies with MarketBeat.com's FREE daily email newsletter.