Premier Oil PLC (OTCMKTS:PMOIY) has been assigned an average rating of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $1.50.
PMOIY has been the topic of several research reports. Zacks Investment Research raised Premier Oil from a “hold” rating to a “buy” rating and set a $1.25 target price on the stock in a research report on Tuesday, December 26th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Premier Oil in a research report on Thursday, January 18th. Royal Bank of Canada raised Premier Oil from a “sector perform” rating to an “outperform” rating in a research report on Thursday, March 8th. ValuEngine lowered Premier Oil from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Finally, Macquarie lowered Premier Oil from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 17th.
Shares of Premier Oil (OTCMKTS PMOIY) traded down $0.09 on Friday, hitting $0.93. The company had a trading volume of 4,600 shares, compared to its average volume of 8,611. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.79 and a current ratio of 0.81. Premier Oil has a twelve month low of $0.56 and a twelve month high of $1.52.
Premier Oil Company Profile
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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