Premier Oil (PMOIY) Given Average Recommendation of “Hold” by Brokerages

Premier Oil (OTCMKTS:PMOIY) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company.

A number of research analysts have issued reports on PMOIY shares. Stifel Nicolaus reissued a “hold” rating on shares of Premier Oil in a research note on Thursday, January 18th. ValuEngine lowered shares of Premier Oil from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Royal Bank of Canada lowered shares of Premier Oil from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 16th. Zacks Investment Research upgraded shares of Premier Oil from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a research report on Wednesday, January 10th. Finally, Macquarie downgraded shares of Premier Oil from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 17th.

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Premier Oil stock traded up $0.01 during midday trading on Tuesday, reaching $1.11. 700 shares of the stock traded hands, compared to its average volume of 7,438. The firm has a market capitalization of $844.79, a price-to-earnings ratio of 4.44 and a beta of 2.26. Premier Oil has a fifty-two week low of $0.56 and a fifty-two week high of $1.52.

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About Premier Oil

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

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