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Premier Oil PLC (LON:PMO) Receives GBX 143.33 Consensus Price Target from Analysts

Shares of Premier Oil PLC (LON:PMO) have been assigned an average rating of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 143.33 ($1.87).

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PMO has been the subject of several recent research reports. Peel Hunt restated a “buy” rating and issued a GBX 155 ($2.03) price target on shares of Premier Oil in a research note on Thursday, November 14th. Jefferies Financial Group restated a “buy” rating and issued a GBX 160 ($2.09) price target on shares of Premier Oil in a research note on Thursday, November 14th. Royal Bank of Canada restated a “top pick” rating on shares of Premier Oil in a research note on Friday, October 18th. Peel Hunt restated a “buy” rating and issued a GBX 155 ($2.03) price target on shares of Premier Oil in a research note on Thursday, November 14th. Finally, UBS Group restated a “buy” rating on shares of Premier Oil in a research note on Friday, August 16th.

PMO traded up GBX 0.38 ($0.00) during trading on Monday, hitting GBX 87.84 ($1.15). The stock had a trading volume of 3,379,972 shares, compared to its average volume of 8,200,000. The company has a 50 day moving average price of GBX 83.06 and a 200-day moving average price of GBX 80.88. The firm has a market cap of $730.31 million and a price-to-earnings ratio of 4.99. Premier Oil has a one year low of GBX 54.70 ($0.71) and a one year high of GBX 110.20 ($1.44). The company has a debt-to-equity ratio of 293.62, a current ratio of 1.22 and a quick ratio of 1.12.

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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