Premier Oil PLC (PMOIY) to Post FY2017 Earnings of $0.27 Per Share, Jefferies Group Forecasts

Premier Oil PLC (OTCMKTS:PMOIY) – Analysts at Jefferies Group upped their FY2017 earnings per share (EPS) estimates for shares of Premier Oil in a research report issued to clients and investors on Wednesday. Jefferies Group analyst M. Wilson now expects that the energy producer will post earnings per share of $0.27 for the year, up from their previous forecast of $0.20. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Premier Oil’s FY2018 earnings at $1.03 EPS.

Shares of Premier Oil (PMOIY) opened at $1.13 on Monday. Premier Oil has a 52-week low of $0.56 and a 52-week high of $1.15. The firm has a market cap of $563.49, a P/E ratio of 113.00 and a beta of 2.53. The company has a debt-to-equity ratio of 3.11, a current ratio of 0.81 and a quick ratio of 0.79.

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About Premier Oil

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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