UBS Group Reaffirms “Buy” Rating for Premier Oil (LON:PMO)

UBS Group reaffirmed their buy rating on shares of Premier Oil (LON:PMO) in a research report released on Friday, ThisIsMoney.Co.Uk reports.

Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity upped their price objective on shares of Premier Oil from GBX 145 ($1.89) to GBX 155 ($2.03) and gave the stock a buy rating in a report on Friday, June 28th. Barclays reiterated an overweight rating and issued a GBX 125 ($1.63) price objective (up from GBX 120 ($1.57)) on shares of Premier Oil in a report on Monday, June 24th. Jefferies Financial Group reissued a buy rating and set a GBX 175 ($2.29) target price on shares of Premier Oil in a research report on Thursday, May 16th. Berenberg Bank reissued a buy rating and set a GBX 130 ($1.70) target price on shares of Premier Oil in a research report on Thursday, June 27th. Finally, Royal Bank of Canada reissued a top pick rating on shares of Premier Oil in a research report on Thursday, July 18th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Premier Oil presently has a consensus rating of Buy and a consensus price target of GBX 152.86 ($2.00).

Shares of LON:PMO opened at GBX 70.94 ($0.93) on Friday. The stock has a market capitalization of $588.71 million and a PE ratio of 4.58. Premier Oil has a 1 year low of GBX 54.70 ($0.71) and a 1 year high of GBX 146.90 ($1.92). The firm has a fifty day moving average price of GBX 75.77 and a 200 day moving average price of GBX 82.50. The company has a current ratio of 1.46, a quick ratio of 0.97 and a debt-to-equity ratio of 248.73.

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 (LON:PMO)

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