Premier Oil’s (PMO) Buy Rating Reiterated at Peel Hunt

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Peel Hunt reissued their buy rating on shares of Premier Oil (LON:PMO) in a research report sent to investors on Thursday.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group reissued a buy rating and issued a GBX 225 ($2.94) target price on shares of Premier Oil in a research report on Monday, October 22nd. UBS Group reaffirmed a buy rating on shares of Premier Oil in a report on Friday, November 16th. Berenberg Bank began coverage on shares of Premier Oil in a report on Thursday, November 1st. They issued a hold rating and a GBX 140 ($1.83) price target on the stock. Barclays lowered their price target on shares of Premier Oil from GBX 180 ($2.35) to GBX 130 ($1.70) and set an overweight rating on the stock in a report on Monday, November 19th. Finally, Royal Bank of Canada lowered their price target on shares of Premier Oil from GBX 200 ($2.61) to GBX 140 ($1.83) and set a top pick rating on the stock in a report on Tuesday, January 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Premier Oil has an average rating of Buy and an average price target of GBX 132.50 ($1.73).

LON PMO opened at GBX 67.90 ($0.89) on Thursday. Premier Oil has a 1 year low of GBX 42.75 ($0.56) and a 1 year high of GBX 104.56 ($1.37).

In other Premier Oil news, insider Richard Rose purchased 20,000 shares of the stock in a transaction on Friday, November 16th. The shares were bought at an average cost of GBX 84 ($1.10) per share, with a total value of £16,800 ($21,952.18).

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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