Premier Oil PLC Downgraded By Barclays PLC
MarketBeat.com | Jan 15, 2017 04:40AM ET
Premier Oil PLC (LON:PMO) was downgraded by research analysts at Barclays PLC to an "equal weight" rating in a research note issued to investors on Sunday, StockTargetPrices.com reports. They currently have a GBX 100 ($1.22) price objective on the oil producer's stock. Barclays PLC's price target would suggest a potential upside of 9.89% from the company's current price.
A number of other equities analysts have also commented on PMO. Jefferies Group reissued a "hold" rating and issued a GBX 88 ($1.07) target price on shares of Premier Oil PLC in a report on Thursday, October 6th. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 125 ($1.52) target price on shares of Premier Oil PLC in a report on Wednesday, October 12th. Citigroup Inc raised shares of Premier Oil PLC to a "buy" rating and set a GBX 103 ($1.25) target price on the stock in a report on Friday, October 21st. Deutsche Bank AG restated a "buy" rating and issued a GBX 90 ($1.09) price target on shares of Premier Oil PLC in a research note on Tuesday, November 15th. Finally, Davy Research restated a "neutral" rating on shares of Premier Oil PLC in a research note on Thursday, November 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. Premier Oil PLC has a consensus rating of "Hold" and an average price target of GBX 99.69 ($1.21).
Premier Oil PLC (MarketBeat.com reports. The company has a 50-day moving average of GBX 66.60 and a 200-day moving average of GBX 67.52. Premier Oil PLC has a 1-year low of GBX 19.00 and a 1-year high of GBX 99.50. The firm's market cap is GBX 464.83 million.
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About Premier Oil PLC
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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