Insider Buying: Premier Oil PLC (LON:PMO) Insider Buys 144 Shares of Stock
Premier Oil PLC (LON:PMO) insider Robin Allan acquired 144 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were purchased at an average price of GBX 87 ($1.14) per share, with a total value of £125.28 ($163.70).
PMO traded down GBX 2.46 ($0.03) during midday trading on Tuesday, hitting GBX 84.28 ($1.10). The company had a trading volume of 2,198,743 shares, compared to its average volume of 8,200,000. Premier Oil PLC has a 52 week low of GBX 54.70 ($0.71) and a 52 week high of GBX 110.20 ($1.44). The company has a quick ratio of 1.12, a current ratio of 1.22 and a debt-to-equity ratio of 293.62. The company has a market capitalization of $700.71 million and a price-to-earnings ratio of 4.79. The stock’s 50 day moving average price is GBX 85.60 and its 200 day moving average price is GBX 80.60.
Several research firms recently issued reports on PMO. UBS Group restated a “buy” rating on shares of Premier Oil in a report on Friday, August 16th. Berenberg Bank reissued a “buy” rating and issued a GBX 130 ($1.70) price objective on shares of Premier Oil in a research report on Thursday, November 14th. Peel Hunt reissued a “buy” rating and issued a GBX 155 ($2.03) price objective on shares of Premier Oil in a research note on Thursday, November 14th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 160 ($2.09) target price on shares of Premier Oil in a research note on Thursday, November 14th. Finally, Royal Bank of Canada reiterated a “top pick” rating on shares of Premier Oil in a report on Friday, October 18th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 144.29 ($1.89).
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.
Further Reading: Strangles
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