Shares of Premier Oil PLC (OTCMKTS:PMOIY) have received an average rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $1.50.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Premier Oil from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a research note on Wednesday, January 10th. Macquarie lowered shares of Premier Oil from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 17th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Premier Oil in a research note on Thursday, January 18th. ValuEngine lowered shares of Premier Oil from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Finally, Royal Bank of Canada lowered shares of Premier Oil from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 16th.
Premier Oil (PMOIY) remained flat at $$1.06 during mid-day trading on Monday. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.79 and a current ratio of 0.81. Premier Oil has a 52-week low of $0.56 and a 52-week high of $1.52. The stock has a market cap of $758.50, a PE ratio of 106.00 and a beta of 2.57.
About Premier Oil
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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