UBS Group reiterated their buy rating on shares of Premier Oil (LON:PMO) in a research note released on Friday, investing.thisismoney.co.uk reports.
Several other equities research analysts have also issued reports on PMO. Royal Bank of Canada raised Premier Oil to a top pick rating and raised their target price for the company from GBX 120 ($1.57) to GBX 180 ($2.35) in a research report on Monday, July 9th. Berenberg Bank began coverage on Premier Oil in a research report on Thursday, November 1st. They set a hold rating and a GBX 140 ($1.83) target price for the company. Investec decreased their target price on 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. Peel Hunt reaffirmed a buy rating and set a GBX 140 ($1.83) target price on shares of Premier Oil in a research report on Monday, July 9th. Finally, Jefferies Financial Group reaffirmed a buy rating and set a GBX 225 ($2.94) target price on shares of Premier Oil in a research report on Monday, October 22nd. One 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. The stock has a consensus rating of Buy and an average price target of GBX 146.50 ($1.91).
LON PMO opened at GBX 107.20 ($1.40) on Friday. Premier Oil has a 12 month low of GBX 42.75 ($0.56) and a 12 month high of GBX 104.56 ($1.37).
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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