Weekly Research Analysts’ Ratings Changes for Premier Oil PLC (PMO)

Premier Oil PLC (LON: PMO) recently received a number of ratings updates from brokerages and research firms:

  • 4/18/2017 – Premier Oil PLC had its price target raised by analysts at Deutsche Bank AG from GBX 74 ($0.93) to GBX 75 ($0.94). They now have a “hold” rating on the stock.
  • 4/11/2017 – Premier Oil PLC had its price target lowered by analysts at Barclays PLC from GBX 100 ($1.26) to GBX 70 ($0.88). They now have an “equal weight” rating on the stock.
  • 4/6/2017 – Premier Oil PLC had its “underperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a GBX 60 ($0.76) price target on the stock.
  • 4/5/2017 – Premier Oil PLC had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 90 ($1.13) price target on the stock.
  • 3/24/2017 – Premier Oil PLC had its price target raised by analysts at Credit Suisse Group AG from GBX 40 ($0.50) to GBX 60 ($0.76). They now have an “underperform” rating on the stock.
  • 3/23/2017 – Premier Oil PLC had its “speculative buy” rating reaffirmed by analysts at GMP Securities.
  • 3/16/2017 – Premier Oil PLC is now covered by analysts at Peel Hunt. They set a “buy” rating and a GBX 90 ($1.13) price target on the stock.
  • 3/15/2017 – Premier Oil PLC had its “speculative buy” rating reaffirmed by analysts at GMP Securities.
  • 3/13/2017 – Premier Oil PLC had its price target lowered by analysts at Jefferies Group LLC from GBX 106 ($1.33) to GBX 90 ($1.13). They now have a “buy” rating on the stock.
  • 3/10/2017 – Premier Oil PLC had its price target lowered by analysts at Deutsche Bank AG from GBX 90 ($1.13) to GBX 74 ($0.93). They now have a “hold” rating on the stock.
  • 2/28/2017 – Premier Oil PLC had its “equal weight” rating reaffirmed by analysts at Barclays PLC.

Shares of Premier Oil PLC (LON:PMO) traded down 4.28% on Thursday, hitting GBX 61.50. 4,407,221 shares of the stock traded hands. The company’s market cap is GBX 313.65 million. The firm’s 50 day moving average is GBX 62.99 and its 200-day moving average is GBX 70.67. Premier Oil PLC has a 12 month low of GBX 47.89 and a 12 month high of GBX 99.50.

In other news, insider Robin Allan sold 27,677 shares of Premier Oil PLC stock in a transaction dated Thursday, March 23rd. The stock was sold at an average price of GBX 66 ($0.83), for a total value of £18,266.82 ($22,991.59). Also, insider Iain Macdonald acquired 23,076 shares of Premier Oil PLC stock in a transaction dated Thursday, April 13th. The stock was purchased at an average cost of GBX 65 ($0.82) per share, for a total transaction of £14,999.40 ($18,879.04). Insiders bought a total of 23,690 shares of company stock worth $1,542,405 over the last ninety days.

Premier Oil plc is an independent exploration and production company with oil and gas interests in the North Sea, South East Asia, Pakistan, the Falkland Islands and Latin America. The Company is engaged in the business of upstream oil and gas exploration and production. The Company’s operations are located and managed in six business units: the Falkland Islands, Indonesia, Pakistan (including Mauritania), the United Kingdom, Vietnam and the Rest of the World.

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