Barclays Has Just Given Premier Oil (LON:PMO) a Higher Rating. The Target Price per Share is GBX 145.00

May 17, 2018 - By Ash Ash

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.

Sit Assoc has 322,320 shares for 0.09% of their portfolio. Carroll Financial Associate has 0% invested in Premier Oil plc (LON:PMO) for 333 shares. Alpine Glob Mgmt Ltd Limited Liability Company reported 0.03% in Premier Oil plc (LON:PMO). Capital Investment Advsr Ltd Liability holds 0.07% or 89,387 shares in its portfolio. Pnc Fincl Services Grp stated it has 2,825 shares. Peoples Services Corp has 0.01% invested in Premier Oil plc (LON:PMO). Brave Asset Inc reported 46,431 shares. Goodwin Daniel L invested in 56,866 shares or 0.31% of the stock. Landscape Cap accumulated 0.03% or 24,871 shares. 7,242 are owned by Thomas J Herzfeld Advsrs. Twin Focus Prns Ltd Liability has invested 0.2% in Premier Oil plc (LON:PMO). 329,644 are held by Comml Bank Of America Corp De. Lpl Limited Liability Corp holds 0% or 19,594 shares in its portfolio. Smith Moore & invested in 61,421 shares or 0.2% of the stock. Bank & Trust Of Montreal Can holds 0% in Premier Oil plc (LON:PMO) or 5,725 shares.

Premier Oil (LON:PMO) Stock Upgrade

The equities rating of Premier Oil (LON:PMO) shares was upped by expert analysts at Barclays to a respectable “Overweight” rating in a research note issued on Thursday morning. The firm Barclays has a GBX 145.00 price target on the stock. Barclays’s price target gives a possible upside of 21.44 %.

Premier Oil plc (LON:PMO) Ratings Coverage

Among 7 analysts covering Premier Oil PLC (LON:PMO), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Premier Oil PLC has GBX 8500 highest and GBX 60 lowest target. GBX 103.57’s average target is -14.76% below currents GBX 121.5 stock price. Premier Oil PLC had 24 analyst reports since November 21, 2017 according to SRatingsIntel. The firm has “Sector Performer” rating given on Tuesday, January 16 by RBC Capital Markets. The firm earned “Buy” rating on Friday, January 19 by Canaccord Genuity. The firm has “Buy” rating given on Wednesday, December 20 by Jefferies. On Wednesday, December 27 the stock rating was maintained by Peel Hunt with “Buy”. The stock has “Buy” rating by Peel Hunt on Monday, April 30. The firm has “Buy” rating given on Friday, December 22 by Peel Hunt. Barclays Capital downgraded Premier Oil plc (LON:PMO) rating on Tuesday, November 21. Barclays Capital has “Underweight” rating and GBX 70 target. The firm has “Equal Weight” rating by Barclays Capital given on Wednesday, April 11. The stock has “Underperform” rating by Credit Suisse on Thursday, December 7. The stock of Premier Oil plc (LON:PMO) has “Buy” rating given on Wednesday, March 28 by Peel Hunt.

The stock increased 8.10% or GBX 9.1 during the last trading session, reaching GBX 121.5. About 20.21 million shares traded or 82.83% up from the average. Premier Oil plc (LON:PMO) has 0.00% since May 17, 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 932.32 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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