Premier Oil (LON:PMO) Given Buy Rating at Peel Hunt

Premier Oil (LON:PMO)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.

PMO has been the topic of several other research reports. Peel Hunt restated a “buy” rating and set a GBX 165 ($2.16) price target on shares of Premier Oil in a research report on Thursday, October 17th. Berenberg Bank restated a “buy” rating and set a GBX 130 ($1.70) price target on shares of Premier Oil in a research report on Thursday, August 22nd. Royal Bank of Canada restated a “top pick” rating on shares of Premier Oil in a research report on Friday, October 18th. UBS Group restated a “buy” rating on shares of Premier Oil in a research report on Friday, August 16th. Finally, Barclays raised their price target on shares of Premier Oil from GBX 95 ($1.24) to GBX 100 ($1.31) and gave the company an “equal weight” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Premier Oil currently has an average rating of “Buy” and an average target price of GBX 147.14 ($1.92).

PMO stock opened at GBX 88.35 ($1.15) on Thursday. The firm has a market cap of $720.60 million and a PE ratio of 5.02. The company has a debt-to-equity ratio of 293.62, a quick ratio of 1.12 and a current ratio of 1.22. The firm’s fifty day moving average is GBX 81.35 and its 200 day moving average is GBX 81.53. Premier Oil has a one year low of GBX 54.70 ($0.71) and a one year high of GBX 110.20 ($1.44).

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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