Premier Oil plc (PMO) Insider Richard Rose Purchases 216 Shares

Premier Oil plc (LON:PMO) insider Richard Rose bought 216 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were bought at an average price of GBX 69 ($0.93) per share, for a total transaction of £149.04 ($200.59).

Premier Oil plc (LON PMO) remained flat at $GBX 73 ($0.98) during mid-day trading on Monday. The company had a trading volume of 4,133,697 shares, compared to its average volume of 4,490,000. Premier Oil plc has a twelve month low of GBX 42.75 ($0.58) and a twelve month high of GBX 99.50 ($1.34).

Several equities research analysts recently commented on the company. Peel Hunt reiterated a “buy” rating and set a GBX 80 ($1.08) target price on shares of Premier Oil in a report on Wednesday, August 23rd. Macquarie dropped their target price on Premier Oil from GBX 41 ($0.55) to GBX 40 ($0.54) and set an “underperform” rating on the stock in a report on Tuesday, August 29th. Deutsche Bank raised their target price on Premier Oil from GBX 65 ($0.87) to GBX 67 ($0.90) and gave the company a “hold” rating in a report on Friday, October 13th. Jefferies Group reiterated a “buy” rating and set a GBX 90 ($1.21) target price on shares of Premier Oil in a report on Wednesday, October 4th. Finally, Credit Suisse Group reiterated an “underperform” rating and set a GBX 60 ($0.81) target price on shares of Premier Oil in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 77.67 ($1.05).

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Premier Oil Company Profile

Premier Oil plc is an independent exploration and production company with oil and gas interests in the North Sea, South East Asia, Pakistan, the Falkland Islands and Latin America. The Company is engaged in the business of upstream oil and gas exploration and production. The Company’s operations are located and managed in six business units: the Falkland Islands, Indonesia, Pakistan (including Mauritania), the United Kingdom, Vietnam and the Rest of the World.

Insider Buying and Selling by Quarter for Premier Oil (LON:PMO)

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