Premier Oil (OTCMKTS:PMOIY) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of Premier Oil (OTCMKTS:PMOIY) from a sell rating to a hold rating in a report published on Tuesday morning, ValuEngine reports.

Several other equities analysts have also recently weighed in on PMOIY. Barclays cut Premier Oil from an overweight rating to an equal weight rating in a report on Friday, August 2nd. Zacks Investment Research raised Premier Oil from a sell rating to a hold rating in a report on Saturday, September 21st. Finally, Stifel Nicolaus cut Premier Oil from a buy rating to a hold rating in a report on Thursday, September 5th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Premier Oil presently has a consensus rating of Hold and a consensus price target of $1.25.

OTCMKTS PMOIY opened at $1.07 on Tuesday. The business’s fifty day moving average price is $1.00 and its 200-day moving average price is $1.04. The stock has a market capitalization of $870.18 million, a price-to-earnings ratio of 8.88 and a beta of 1.88. Premier Oil has a 1-year low of $0.69 and a 1-year high of $1.65.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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