Premier Oil (PMO) Given Overweight Rating at Barclays

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Barclays reaffirmed their overweight rating on shares of Premier Oil (LON:PMO) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports.

Other equities analysts also recently issued reports about the company. Canaccord Genuity upped their price target on Premier Oil from GBX 130 ($1.70) to GBX 135 ($1.76) and gave the company a buy rating in a report on Monday, February 25th. Peel Hunt reaffirmed a buy rating on shares of Premier Oil in a report on Thursday, March 7th. Royal Bank of Canada lowered their price target on Premier Oil from GBX 200 ($2.61) to GBX 140 ($1.83) and set a top pick rating for the company in a report on Tuesday, January 15th. Berenberg Bank upped their price target on Premier Oil from GBX 110 ($1.44) to GBX 120 ($1.57) and gave the company a buy rating in a report on Tuesday, March 12th. Finally, UBS Group reaffirmed a buy rating on shares of Premier Oil in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of GBX 141.25 ($1.85).

Shares of LON:PMO opened at GBX 101.50 ($1.33) on Tuesday. The company has a debt-to-equity ratio of 248.73, a quick ratio of 0.97 and a current ratio of 1.46. The stock has a market cap of $833.16 million and a price-to-earnings ratio of 6.55. Premier Oil has a 1 year low of GBX 54.70 ($0.71) and a 1 year high of GBX 146.90 ($1.92).

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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