Premier Oil PLC (PMOIY) Receives Average Rating of “Hold” from Analysts
Shares of Premier Oil PLC (OTCMKTS:PMOIY) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $1.50.
PMOIY has been the topic of several recent research reports. Stifel Nicolaus restated a “hold” rating on shares of Premier Oil in a research report on Thursday, January 18th. ValuEngine downgraded Premier Oil from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Royal Bank of Canada downgraded Premier Oil from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, January 16th. Zacks Investment Research upgraded Premier Oil from a “hold” rating to a “buy” rating and set a $1.50 price objective on the stock in a research report on Wednesday, January 10th. Finally, Macquarie downgraded Premier Oil from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 17th.
Shares of Premier Oil (OTCMKTS:PMOIY) opened at $1.18 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.11. Premier Oil has a 12-month low of $0.56 and a 12-month high of $1.52.
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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