Premier Oil (LON:PMO) Earns Buy Rating from Peel Hunt

Peel Hunt restated their buy rating on shares of Premier Oil (LON:PMO) in a report issued on Monday, ThisIsMoney.Co.Uk reports.

Other equities research analysts have also recently issued research reports about the stock. Berenberg Bank reaffirmed a buy rating and issued a GBX 130 ($1.70) price target on shares of Premier Oil in a report on Thursday, June 27th. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 175 ($2.29) price target on shares of Premier Oil in a report on Thursday, May 16th. Canaccord Genuity lifted their price target 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 reissued an overweight rating and set a GBX 125 ($1.63) target price (up previously from GBX 120 ($1.57)) on shares of Premier Oil in a report on Monday, June 24th. Finally, Royal Bank of Canada reissued a top pick rating on shares of Premier Oil in a 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 stock. Premier Oil has an average rating of Buy and an average target price of GBX 152.86 ($2.00).

LON:PMO opened at GBX 72.26 ($0.94) on Monday. The company has a current ratio of 1.46, a quick ratio of 0.97 and a debt-to-equity ratio of 248.73. The stock has a market capitalization of $599.66 million and a PE ratio of 4.66. The firm’s 50 day moving average is GBX 75.46 and its 200 day moving average is GBX 82.48. Premier Oil has a 12 month low of GBX 54.70 ($0.71) and a 12 month high of GBX 146.90 ($1.92).

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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