Premier Oil PLC (PMOIY) Receives $1.75 Average Price Target from Brokerages

Shares of Premier Oil PLC (OTCMKTS:PMOIY) have earned a consensus rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $1.75.

A number of brokerages recently commented on PMOIY. Zacks Investment Research raised Premier Oil from a “sell” rating to a “buy” rating and set a $1.75 price target for the company in a research note on Tuesday, August 28th. Investec lowered Premier Oil from a “buy” rating to a “hold” rating in a research note on Friday, July 20th.

PMOIY stock traded down $0.06 on Friday, reaching $1.26. The company’s stock had a trading volume of 750 shares, compared to its average volume of 1,040. Premier Oil has a 12-month low of $0.86 and a 12-month high of $1.95. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 3.83.

About Premier Oil

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 (OTCMKTS:PMOIY)

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