Premier Oil PLC (PMOIY) Receives Consensus Rating of “Hold” from Brokerages

Premier Oil PLC (OTCMKTS:PMOIY) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $1.50.

PMOIY has been the subject of several research analyst reports. Zacks Investment Research raised Premier Oil from a “hold” rating to a “buy” rating and set a $1.50 target price for the company in a research report on Wednesday, January 10th. Macquarie lowered Premier Oil from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 17th. Royal Bank of Canada lowered Premier Oil from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, January 16th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Premier Oil in a research report on Thursday, January 18th. Finally, ValuEngine lowered Premier Oil from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th.

Shares of Premier Oil (PMOIY) remained flat at $$1.06 during trading on Monday. Premier Oil has a 1 year low of $0.56 and a 1 year high of $1.52. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.79 and a current ratio of 0.81.

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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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