The Premier Oil PLC (PMO) Rating Reiterated by Peel Hunt

The Premier Oil PLC (PMO) Rating Reiterated by Peel Hunt

Several other research firms have also recently weighed in on PMO. Barclays PLC restated an “equal weight” rating and set a GBX 100 ($1.28) price target on shares of Premier Oil PLC in a report on Thursday, February 9th. Macquarie cut Premier Oil PLC to an “underperform” rating and reduced their target price for the company from GBX 80 ($1.03) to GBX 69 ($0.89) in a report on Friday, February 3rd. Canaccord Genuity cut their price target on Premier Oil PLC from GBX 90 ($1.16) to GBX 85 ($1.09) and set a “hold” rating on the stock in a report on Tuesday, February 7th. Jefferies Group LLC lowered their price target on Premier Oil PLC from GBX 106 ($1.36) to GBX 90 ($1.16) and set a “buy” rating for the company in a research report on Monday, March 13th. Finally, Citigroup Inc restated a “buy” rating and issued a GBX 124 ($1.59) price objective on shares of Premier Oil PLC in a research note on Wednesday, January 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 86.09 ($1.11).

Premier Oil PLC (LON:PMO)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a research note issued to investors on Monday, May 15th. They presently have a GBX 90 ($1.16) target price on the oil producer’s stock. Peel Hunt’s price target points to a potential upside of 63.64% from the company’s previous close.

Premier Oil PLC (PMO) opened at 55.1475 on Monday. The firm has a 50-day moving average of GBX 60.77 and a 200-day moving average of GBX 68.97. The stock’s market capitalization is GBX 281.25 million. Premier Oil PLC has a one year low of GBX 47.89 and a one year high of GBX 99.50.

In other Premier Oil PLC news, insider Iain Macdonald purchased 23,076 shares of the firm’s stock in a transaction dated Thursday, April 13th. The stock was purchased at an average price of GBX 65 ($0.83) per share, for a total transaction of £14,999.40 ($19,267.05). Also, insider Robin Allan sold 27,677 shares of the business’s stock in a transaction on Thursday, March 23rd. The stock was sold at an average price of GBX 66 ($0.85), for a total value of £18,266.82 ($23,464.12). Insiders bought 23,557 shares of company stock valued at $1,530,001 in the last 90 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 TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:PMO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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