Premier Oil (PMO) Stock Rating Reaffirmed by Barclays

Barclays reissued their overweight rating on shares of Premier Oil (LON:PMO) in a research note published on Tuesday, April 16th, ThisIsMoney.Co.Uk reports.

Other analysts have also issued reports about the company. Jefferies Financial Group lowered their price target on Premier Oil from GBX 185 ($2.42) to GBX 175 ($2.29) and set a buy rating on the stock in a research note on Tuesday, April 9th. Peel Hunt reaffirmed a buy rating on shares of Premier Oil in a research note on Thursday, March 28th. UBS Group reaffirmed a buy rating on shares of Premier Oil in a research note on Wednesday, March 20th. Berenberg Bank lifted their price target on Premier Oil from GBX 110 ($1.44) to GBX 120 ($1.57) and gave the stock a buy rating in a research note on Tuesday, March 12th. Finally, Canaccord Genuity boosted their price objective on Premier Oil from GBX 130 ($1.70) to GBX 135 ($1.76) and gave the stock a buy rating in a research note on Monday, February 25th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Premier Oil presently has a consensus rating of Buy and an average target price of GBX 141.25 ($1.85).

Shares of Premier Oil stock traded up GBX 2.46 ($0.03) on Tuesday, reaching GBX 88.14 ($1.15). The company’s stock had a trading volume of 4,650,114 shares, compared to its average volume of 8,200,000. The company has a debt-to-equity ratio of 248.73, a current ratio of 1.46 and a quick ratio of 0.97. The stock has a market capitalization of $724.88 million and a PE ratio of 5.69. Premier Oil has a 52-week low of GBX 54.70 ($0.71) and a 52-week high of GBX 146.90 ($1.92).

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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