Premier Oil (PMO) Stock Rating Reaffirmed by Jefferies Financial Group

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Jefferies Financial Group reiterated their buy rating on shares of Premier Oil (LON:PMO) in a research note published on Thursday, Digital Look reports. They currently have a GBX 175 ($2.29) price objective on the oil producer’s stock.

Several other equities analysts have also recently weighed in on PMO. Peel Hunt reiterated a buy rating on shares of Premier Oil in a report on Thursday. Canaccord Genuity dropped their target price on Premier Oil from GBX 145 ($1.89) to GBX 140 ($1.83) and set a buy rating on the stock in a research report on Tuesday, April 9th. Berenberg Bank lifted their target price on Premier Oil from GBX 120 ($1.57) to GBX 130 ($1.70) and gave the company a buy rating in a research report on Thursday. Barclays reissued an overweight rating on shares of Premier Oil in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada lifted their target price on Premier Oil from GBX 140 ($1.83) to GBX 150 ($1.96) and gave the company a top pick rating in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Premier Oil has a consensus rating of Buy and a consensus target price of GBX 142.50 ($1.86).

LON:PMO opened at GBX 99.18 ($1.30) on Thursday. Premier Oil has a fifty-two week low of GBX 54.70 ($0.71) and a fifty-two week high of GBX 146.90 ($1.92). 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 cap of $816.07 million and a PE ratio of 6.40.

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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