Brokerages Set Premier Oil PLC (PMO) PT at $147.86

Premier Oil PLC (LON:PMO) has earned an average rating of “Buy” from the nine brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 147.86 ($1.93).

A number of analysts have recently commented on the company. Peel Hunt reiterated a “buy” rating on shares of Premier Oil in a research report on Friday. Barclays cut their target price on Premier Oil from GBX 180 ($2.35) to GBX 130 ($1.70) and set an “overweight” rating on the stock in a research report on Monday, November 19th. UBS Group reiterated a “buy” rating on shares of Premier Oil in a research report on Friday, November 16th. Berenberg Bank assumed 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 on the stock. Finally, Jefferies Financial Group reiterated 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.

Shares of PMO traded up GBX 9.75 ($0.13) during midday trading on Monday, reaching GBX 75.85 ($0.99). 22,115,421 shares of the stock were exchanged, compared to its average volume of 8,200,000. Premier Oil has a twelve month low of GBX 42.75 ($0.56) and a twelve month high of GBX 104.56 ($1.37).

In related news, insider Richard Rose purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The shares were purchased at an average price of GBX 84 ($1.10) per share, for a total transaction of £16,800 ($21,952.18).

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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Analyst Recommendations for Premier Oil (LON:PMO)

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