Premier Oil PLC (PMO) Given Average Recommendation of “Hold” by Analysts

Premier Oil PLC (LON:PMO) has earned an average recommendation of “Hold” from the twelve brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 77.56 ($1.02).

Several brokerages recently weighed in on PMO. Peel Hunt reaffirmed a “buy” rating and issued a GBX 80 ($1.06) price target on shares of Premier Oil PLC in a research report on Tuesday, September 12th. Jefferies Group LLC raised shares of Premier Oil PLC to a “buy” rating and raised their price target for the company from GBX 68 ($0.90) to GBX 90 ($1.19) in a research report on Tuesday, August 29th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 72 ($0.95) price target on shares of Premier Oil PLC in a research report on Friday, July 21st. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 56 ($0.74) price target on shares of Premier Oil PLC in a research report on Thursday, July 13th.

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Shares of Premier Oil PLC (PMO) traded up 4.00% during mid-day trading on Friday, hitting GBX 65.00. The stock had a trading volume of 2,777,433 shares. Premier Oil PLC has a 1-year low of GBX 42.75 and a 1-year high of GBX 99.50. The firm’s 50 day moving average price is GBX 63.72 and its 200 day moving average price is GBX 58.55. The company’s market cap is GBX 332.02 million.

About Premier Oil PLC

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.

Analyst Recommendations for Premier Oil PLC (LON:PMO)

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