Premier Oil (PMOIY) Raised to Outperform at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Premier Oil (OTCMKTS:PMOIY) from a sector perform rating to an outperform rating in a research note published on Thursday, MarketBeat reports.

PMOIY has been the subject of a number of other research reports. Zacks Investment Research cut Premier Oil from a buy rating to a hold rating in a research report on Tuesday, January 9th. Macquarie cut Premier Oil from a neutral rating to an underperform rating in a research report on Wednesday, January 17th. ValuEngine cut Premier Oil from a hold rating to a sell rating in a research report on Tuesday, January 16th. Finally, Stifel Nicolaus reiterated a hold rating on shares of Premier Oil in a research report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $1.50.

Shares of Premier Oil (OTCMKTS PMOIY) opened at $1.01 on Thursday. The company has a market capitalization of $798.91, a PE ratio of -1.94 and a beta of 2.59. Premier Oil has a 52-week low of $0.56 and a 52-week high of $1.52. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.79 and a current ratio of 0.81.

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Premier Oil Company Profile

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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