Premier Oil PLC (LON:PMO)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Group in a research note issued to investors on Thursday. They presently have a GBX 88 ($1.15) target price on the oil producer’s stock. Jefferies Group’s price target points to a potential upside of 14.29% from the company’s previous close.
A number of other research analysts also recently issued reports on the stock. Numis Securities Ltd reiterated an “under review” rating on shares of Premier Oil PLC in a research note on Monday, July 25th. Deutsche Bank AG reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Thursday, September 15th. Barclays PLC upgraded shares of Premier Oil PLC to an “overweight” rating and lifted their price target for the stock from GBX 85 ($1.11) to GBX 95 ($1.24) in a research note on Thursday, June 9th. Finally, Liberum Capital decreased their price target on shares of Premier Oil PLC from GBX 136 ($1.78) to GBX 130 ($1.70) and set a “buy” rating for the company in a research note on Wednesday, August 24th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. Premier Oil PLC presently has an average rating of “Hold” and a consensus price target of GBX 99.69 ($1.30).
Shares of Premier Oil PLC (LON:PMO) opened at 75.00 on Thursday. The firm’s market cap is GBX 383.10 million. The stock has a 50 day moving average of GBX 68.98 and a 200-day moving average of GBX 65.98. Premier Oil PLC has a 1-year low of GBX 19.00 and a 1-year high of GBX 96.95.
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 World.
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