Premier Oil (LON:PMO) Receives “Underperform” Rating from Credit Suisse Group

Credit Suisse Group reiterated their underperform rating on shares of Premier Oil (LON:PMO) in a report released on Thursday, December 7th. Credit Suisse Group currently has a GBX 60 ($0.80) target price on the oil producer’s stock.

Other equities research analysts also recently issued reports about the stock. Jefferies Group reiterated a buy rating and set a GBX 90 ($1.20) price objective on shares of Premier Oil in a research note on Wednesday, October 4th. Peel Hunt boosted their target price on shares of Premier Oil from GBX 80 ($1.07) to GBX 100 ($1.34) and gave the stock a buy rating in a research report on Monday, October 2nd. Deutsche Bank boosted their target price on shares of Premier Oil from GBX 67 ($0.90) to GBX 70 ($0.94) and gave the stock a hold rating in a research report on Friday, November 17th. Finally, Royal Bank of Canada boosted their target price on shares of Premier Oil from GBX 75 ($1.00) to GBX 80 ($1.07) and gave the stock an outperform rating in a research report on Tuesday, August 22nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 79.89 ($1.07).

Shares of Premier Oil (PMO) traded up GBX 0.15 ($0.00) on Thursday, reaching GBX 76.40 ($1.02). 3,601,097 shares of the company’s stock were exchanged, compared to its average volume of 3,190,000. Premier Oil has a one year low of GBX 42.75 ($0.57) and a one year high of GBX 99.50 ($1.33).

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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.

Analyst Recommendations for Premier Oil (LON:PMO)

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