Premier Oil PLC (LON:PMO) “Buy” Rating Has Just Been Reiterated by Peel Hunt

May 16, 2018 - By Bradley Stiles

Premier Oil plc (LON:PMO) Logo

Investors sentiment decreased to 1.11 in Q4 2017. Its down 0.56, from 1.67 in 2017Q3. It is negative, as 5 investors sold Premier Oil plc shares while 13 reduced holdings. 7 funds opened positions while 13 raised stakes. 5.49 million shares or 2.46% more from 5.36 million shares in 2017Q3 were reported.

Pnc Fin Svcs owns 2,825 shares. Thomas J Herzfeld Advisors holds 0.03% or 7,242 shares. The Florida-based Raymond James And Assocs has invested 0% in Premier Oil plc (LON:PMO). Robinson Cap Mngmt Limited Co owns 582,425 shares. Jpmorgan Chase And Company holds 1,200 shares. Riggs Asset Managment Co Incorporated reported 1,500 shares or 0.01% of all its holdings. Stifel Financial invested in 41,291 shares. Cohen Steers Inc reported 29,617 shares. Capital Investment Ltd Liability Corporation holds 89,387 shares. 31,294 are held by Twin Focus Llc. Rmb Management Limited Liability Com invested in 0.01% or 24,636 shares. 24,143 are held by Cambridge Inv Research Advsrs Inc. Guggenheim Capital Limited Co reported 0.01% in Premier Oil plc (LON:PMO). First Allied Advisory Services accumulated 29,384 shares or 0.01% of the stock. 5,725 are held by Bancorp Of Montreal Can.

Premier Oil PLC (LON:PMO) Rating Reaffirmed

This Morning, Peel Hunt reconfirmed their “Buy” rating on Premier Oil PLC (LON:PMO) shares in a note sent to investors and clients.

Premier Oil plc (LON:PMO) Ratings Coverage

Among 8 analysts covering Premier Oil PLC (LON:PMO), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. Premier Oil PLC has GBX 8500 highest and GBX 60 lowest target. GBX 1143.75’s average target is 968.93% above currents GBX 107 stock price. Premier Oil PLC had 24 analyst reports since November 17, 2017 according to SRatingsIntel. The stock of Premier Oil plc (LON:PMO) earned “Buy” rating by Peel Hunt on Wednesday, December 27. The firm has “Underweight” rating by Barclays Capital given on Wednesday, January 31. As per Wednesday, March 28, the company rating was maintained by Peel Hunt. The rating was maintained by Peel Hunt on Monday, April 30 with “Buy”. The firm has “Hold” rating by Deutsche Bank given on Friday, November 17. Peel Hunt maintained the shares of PMO in report on Thursday, March 8 with “Buy” rating. Barclays Capital maintained Premier Oil plc (LON:PMO) rating on Tuesday, February 6. Barclays Capital has “Underweight” rating and GBX 75 target. The stock of Premier Oil plc (LON:PMO) has “Buy” rating given on Friday, December 22 by Peel Hunt. The rating was maintained by Credit Suisse with “Underperform” on Tuesday, February 27. As per Monday, January 8, the company rating was maintained by Peel Hunt.

The stock decreased 3.17% or GBX 3.5 during the last trading session, reaching GBX 107. About 12.93M shares traded or 19.80% up from the average. Premier Oil plc (LON:PMO) has 0.00% since May 16, 2017 and is . It has underperformed by 11.55% the S&P500.

Premier Oil plc, an upstream oil and gas company, engages in the exploration, production, and development of gas and oil properties primarily in the United Kingdom. The company has market cap of 821.06 million GBP. The firm is also involved in issuing convertible bonds. It currently has negative earnings. As of December 31, 2016, it had proven and probable reserves of 353 million barrels of oil equivalent (mmboe); and 2P reserves and 2C resources of 835 mmboe.

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