Premier Oil (PMO) Earns Buy Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of Premier Oil (LON:PMO) in a research note issued to investors on Tuesday.

A number of other research firms have also recently commented on PMO. Berenberg Bank started coverage on shares of Premier Oil in a research report on Thursday, November 1st. They set a hold rating and a GBX 140 ($1.83) target price for the company. Jefferies Financial Group restated a buy rating and set a GBX 225 ($2.94) price target on shares of Premier Oil in a research note on Monday, October 22nd. UBS Group restated a buy rating on shares of Premier Oil in a research note on Friday, November 2nd. Barclays restated an overweight rating on shares of Premier Oil in a research note on Tuesday, December 18th. Finally, Royal Bank of Canada cut their price target on shares of Premier Oil from GBX 230 ($3.01) to GBX 200 ($2.61) and set a top pick rating on the stock in a research note on Monday, December 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of GBX 137.78 ($1.80).

LON:PMO opened at GBX 79.45 ($1.04) on Tuesday. Premier Oil has a 52 week low of GBX 42.75 ($0.56) and a 52 week high of GBX 104.56 ($1.37).

In related news, insider Richard Rose purchased 20,000 shares of the business’s stock in a transaction on Friday, November 16th. The shares were acquired at an average price of GBX 84 ($1.10) per share, for a total transaction of £16,800 ($21,952.18).

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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