Shares of Premier Oil PLC (LON:PMO) have been given a consensus rating of “Buy” by the ten analysts that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 68 ($0.84).
Several research firms have issued reports on PMO. Investec cut shares of Premier Oil to a “hold” rating and lowered their price objective for the company from GBX 135 ($1.66) to GBX 25 ($0.31) in a research report on Tuesday, April 21st. Jefferies Financial Group upped their price target on shares of Premier Oil from GBX 30 ($0.37) to GBX 58 ($0.71) and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Canaccord Genuity upped their price target on shares of Premier Oil from GBX 25 ($0.31) to GBX 35 ($0.43) and gave the stock a “hold” rating in a research report on Wednesday, June 17th. Stifel Nicolaus cut shares of Premier Oil to a “hold” rating in a research report on Tuesday, March 10th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 30 ($0.37) price target on shares of Premier Oil in a research report on Friday, June 5th.
In other news, insider Barbara Jeremiah bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of GBX 28 ($0.34) per share, with a total value of £2,800 ($3,445.73). Insiders have purchased 20,487 shares of company stock valued at $575,097 in the last three months.
Premier Oil stock traded down GBX 1.32 ($0.02) during trading hours on Tuesday, hitting GBX 50.48 ($0.62). The company had a trading volume of 11,004,223 shares, compared to its average volume of 8,200,000. The firm has a market cap of $465.44 million and a P/E ratio of 2.77. The company has a debt-to-equity ratio of 256.50, a quick ratio of 0.73 and a current ratio of 0.93. Premier Oil has a 1 year low of GBX 10.02 ($0.12) and a 1 year high of GBX 120.70 ($1.49). The company has a 50-day moving average price of GBX 36.86 and a two-hundred day moving average price of GBX 61.91.
About Premier Oil
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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