Premier Oil (LON:PMO) had its price objective lifted by Peel Hunt from GBX 100 ($1.40) to GBX 130 ($1.83) in a research report report published on Monday, January 8th. Peel Hunt currently has a buy rating on the oil producer’s stock.
PMO has been the topic of several other reports. Jefferies Group raised their target price on Premier Oil from GBX 90 ($1.26) to GBX 110 ($1.54) and gave the company a buy rating in a report on Wednesday, December 20th. Deutsche Bank raised their target price on Premier Oil from GBX 67 ($0.94) to GBX 70 ($0.98) and gave the company a hold rating in a report on Friday, November 17th. Credit Suisse Group restated an underperform rating and set a GBX 60 ($0.84) target price on shares of Premier Oil in a report on Thursday, December 7th. Finally, Barclays lowered Premier Oil to an underweight rating and cut their target price for the company from GBX 72 ($1.01) to GBX 70 ($0.98) in a report on Tuesday, November 21st. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 88.13 ($1.24).
Shares of Premier Oil (LON PMO) opened at GBX 85.52 ($1.20) on Monday. Premier Oil has a 1-year low of GBX 42.75 ($0.60) and a 1-year high of GBX 104.56 ($1.47).
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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.
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