Peel Hunt Reaffirms “Buy” Rating for Premier Oil (LON:PMO)

Peel Hunt reiterated their buy rating on shares of Premier Oil (LON:PMO) in a research note issued to investors on Monday morning, ThisIsMoney.Co.Uk reports.

Several other equities research analysts have also recently commented on the company. UBS Group lifted their target price on Fortis from C$54.00 to C$55.00 in a research note on Wednesday, March 20th. Barclays reissued an overweight rating and issued a GBX 310 ($4.05) target price on shares of in a research note on Monday, June 24th. Canaccord Genuity set a $18.00 target price on Zynerba Pharmaceuticals and gave the company a buy rating in a research note on Friday, June 28th. Berenberg Bank reissued a buy rating and issued a GBX 175 ($2.29) target price on shares of in a research note on Thursday, June 27th. Finally, Jefferies Financial Group lifted their target price on Nice to $166.00 and gave the company a buy rating in a research note on Thursday, May 16th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of GBX 146.88 ($1.92).

LON PMO opened at GBX 77 ($1.01) on Monday. The company has a fifty day moving average price of GBX 76.35. The firm has a market cap of $638.92 million and a PE ratio of 4.97. Premier Oil has a 52 week low of GBX 54.70 ($0.71) and a 52 week high of GBX 146.90 ($1.92). The company has a debt-to-equity ratio of 248.73, a current ratio of 1.46 and a quick ratio of 0.97.

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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