Barclays reaffirmed their equal weight rating on shares of Premier Oil (LON:PMO) in a research report sent to investors on Friday morning, ThisIsMoney.Co.Uk reports.

Several other equities analysts also recently commented on PMO. Peel Hunt reissued a buy rating and set a GBX 165 ($2.16) target price on shares of Premier Oil in a research report on Monday, August 19th. UBS Group reissued a buy rating on shares of Premier Oil in a research report on Friday, August 16th. Peel Hunt reissued a buy rating and set a GBX 165 ($2.16) target price on shares of Premier Oil in a research report on Thursday, August 22nd. Berenberg Bank reissued a buy rating and set a GBX 130 ($1.70) target price on shares of Premier Oil in a research report on Thursday, August 22nd. Finally, Jefferies Financial Group reissued a buy rating and set a GBX 175 ($2.29) target price on shares of Premier Oil in a research report on Thursday, May 16th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of GBX 154.38 ($2.02).

Premier Oil stock opened at GBX 94.16 ($1.23) on Friday. The company has a debt-to-equity ratio of 293.62, a current ratio of 1.22 and a quick ratio of 1.12. The company has a market capitalization of $781.40 million and a price-to-earnings ratio of 5.35. Premier Oil has a one year low of GBX 54.70 ($0.71) and a one year high of GBX 146.90 ($1.92). The company’s fifty day moving average price is GBX 76.86 and its two-hundred day moving average price is GBX 83.25.

About Premier Oil

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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