Credit Suisse Group reaffirmed their underperform rating on shares of Premier Oil (LON:PMO) in a research report released on Thursday. The firm currently has a GBX 60 ($0.81) target price on the oil producer’s stock.
PMO has been the subject of a number of other reports. Peel Hunt reiterated a buy rating and issued a GBX 80 ($1.08) price objective on shares of Premier Oil in a report on Tuesday, September 12th. Jefferies Group reiterated a hold rating and issued a GBX 68 ($0.92) price objective on shares of Premier Oil in a report on Wednesday, August 23rd. Royal Bank Of Canada upped their price objective on shares of Premier Oil from GBX 75 ($1.01) to GBX 80 ($1.08) and gave the stock an outperform rating in a report on Tuesday, August 22nd. Barclays cut shares of Premier Oil to an underweight rating and decreased their price objective for the stock from GBX 72 ($0.97) to GBX 70 ($0.94) in a report on Tuesday, November 21st. Finally, Deutsche Bank reiterated a hold rating and issued a GBX 67 ($0.90) price objective on shares of Premier Oil in a report on Tuesday, November 7th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 77.67 ($1.05).
Shares of Premier Oil (LON PMO) opened at GBX 70.99 ($0.96) on Thursday. Premier Oil has a fifty-two week low of GBX 42.75 ($0.58) and a fifty-two week high of GBX 99.50 ($1.34).
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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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