Premier Oil PLC (LON:PMO) has been given an average rating of “Hold” by the twelve analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 74.11 ($0.96).
Several equities research analysts have recently commented on PMO shares. Jefferies Group LLC cut shares of Premier Oil PLC to a “hold” rating and dropped their target price for the stock from GBX 90 ($1.16) to GBX 68 ($0.88) in a research report on Wednesday, May 17th. GMP Securities reaffirmed a “speculative buy” rating on shares of Premier Oil PLC in a research report on Friday, June 16th. Peel Hunt reissued a “buy” rating and set a GBX 90 ($1.16) price target on shares of Premier Oil PLC in a research report on Wednesday, July 12th. Deutsche Bank AG lowered their price target on shares of Premier Oil PLC from GBX 75 ($0.97) to GBX 56 ($0.72) and set a “hold” rating for the company in a research report on Thursday, July 6th. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 72 ($0.93) price target on shares of Premier Oil PLC in a research report on Friday, July 21st.
Premier Oil PLC (PMO) traded up 5.39% during midday trading on Friday, hitting GBX 63.50. 2,995,600 shares of the stock traded hands. The stock’s market capitalization is GBX 324.36 million. Premier Oil PLC has a 52 week low of GBX 42.75 and a 52 week high of GBX 99.50. The stock’s 50-day moving average price is GBX 56.89 and its 200-day moving average price is GBX 58.25.
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In other news, insider Richard Rose bought 25,000 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was acquired at an average cost of GBX 45 ($0.58) per share, with a total value of £11,250 ($14,529.25). Also, insider Tony Durrant bought 226,868 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was purchased at an average cost of GBX 44 ($0.57) per share, with a total value of £99,821.92 ($128,918.92). Insiders acquired 252,542 shares of company stock valued at $11,144,623 over the last ninety days.
Premier Oil PLC 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.
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