Premier Oil PLC (PMO) Insider Purchases £126 in Stock

Premier Oil PLC (LON:PMO) insider Tony Durrant purchased 120 shares of the business’s stock in a transaction on Thursday, November 1st. The shares were bought at an average cost of GBX 105 ($1.37) per share, for a total transaction of £126 ($164.64).

Tony Durrant also recently made the following trade(s):

  • On Monday, September 3rd, Tony Durrant purchased 98 shares of Premier Oil stock. The shares were bought at an average cost of GBX 127 ($1.66) per share, for a total transaction of £124.46 ($162.63).

Shares of Premier Oil stock traded up GBX 3.50 ($0.05) during trading hours on Friday, hitting GBX 107.40 ($1.40). The company’s stock had a trading volume of 8,473,972 shares, compared to its average volume of 8,200,000. Premier Oil PLC has a 1-year low of GBX 42.75 ($0.56) and a 1-year high of GBX 104.56 ($1.37).

Several research firms have recently issued reports on PMO. Peel Hunt reissued a “buy” rating and issued a GBX 140 ($1.83) price objective on shares of Premier Oil in a research report on Monday, July 9th. Royal Bank of Canada increased their price objective on shares of 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. Barclays increased their price objective on shares of Premier Oil from GBX 170 ($2.22) to GBX 180 ($2.35) and gave the stock an “overweight” rating in a research report on Wednesday, October 10th. UBS Group reissued a “buy” rating and issued a GBX 170 ($2.22) price objective on shares of Premier Oil in a research report on Friday, August 24th. Finally, Investec dropped their price objective on shares of Premier Oil from GBX 135 ($1.76) to GBX 130 ($1.70) and set a “hold” rating for the company in a research report on Friday, July 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Premier Oil presently has a consensus rating of “Buy” and an average price target of GBX 146.50 ($1.91).

Premier Oil Company Profile

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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