Premier Oil PLC (OTCMKTS:PMOIY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Premier Oil PLC (OTCMKTS:PMOIY) have earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company.

PMOIY has been the topic of a number of recent research reports. Investec raised Premier Oil from a “hold” rating to a “buy” rating in a research report on Tuesday, June 16th. Canaccord Genuity reaffirmed a “hold” rating on shares of Premier Oil in a research report on Wednesday, June 17th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Premier Oil in a research report on Monday, June 8th. Berenberg Bank reaffirmed a “hold” rating on shares of Premier Oil in a research report on Friday, July 17th. Finally, ValuEngine raised Premier Oil from a “hold” rating to a “buy” rating in a research report on Monday, July 20th.

Shares of OTCMKTS PMOIY opened at $0.49 on Tuesday. Premier Oil has a one year low of $0.19 and a one year high of $1.55. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 2.43. The business’s fifty day moving average price is $0.57 and its 200-day moving average price is $0.69.

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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