Premier Oil PLC (LON:PMO)‘s stock had its “equal weight” rating reissued by Barclays PLC in a research note issued to investors on Thursday.
A number of other research firms also recently issued reports on PMO. Macquarie downgraded Premier Oil PLC to an “underperform” rating and reduced their price objective for the stock from GBX 80 ($1.00) to GBX 69 ($0.86) in a research note on Friday, February 3rd. Jefferies Group LLC lifted their price objective on Premier Oil PLC from GBX 88 ($1.10) to GBX 116 ($1.44) and gave the stock a “buy” rating in a research note on Monday, January 9th. Canaccord Genuity reduced their price objective on Premier Oil PLC from GBX 85 ($1.06) to GBX 60 ($0.75) and set a “hold” rating on the stock in a research note on Friday, November 18th. Citigroup Inc. raised Premier Oil PLC to a “buy” rating and set a GBX 103 ($1.28) price objective on the stock in a research note on Friday, October 21st. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Premier Oil PLC in a research note on Monday, November 21st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. Premier Oil PLC presently has an average rating of “Hold” and a consensus target price of GBX 96.92 ($1.21).
Premier Oil PLC (LON:PMO) opened at 78.00 on Thursday. The company’s 50 day moving average price is GBX 80.83 and its 200-day moving average price is GBX 69.89. The company’s market cap is GBX 398.42 million. Premier Oil PLC has a one year low of GBX 24.75 and a one year high of GBX 99.50.
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.