Royal Bank of Canada reaffirmed their top pick rating on shares of Premier Oil (LON:PMO) in a research note published on Thursday morning, ThisIsMoney.Co.Uk reports.
PMO has been the subject of several other reports. Peel Hunt restated an under review rating on shares of Motif Bio in a report on Monday, July 15th. UBS Group upped their price objective on shares of Fortis from C$54.00 to C$55.00 in a report on Wednesday, March 20th. Canaccord Genuity set a $18.00 price objective on shares of Zynerba Pharmaceuticals and gave the stock a buy rating in a report on Friday, June 28th. Barclays restated an overweight rating and issued a GBX 310 ($4.05) price objective on shares of in a report on Monday, June 24th. Finally, Jefferies Financial Group upped their price objective on shares of Nice to $166.00 and gave the stock a buy rating in a report on Thursday, May 16th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of GBX 149.29 ($1.95).
Shares of LON PMO opened at GBX 77.96 ($1.02) on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.46 and a debt-to-equity ratio of 248.73. Premier Oil has a 12 month low of GBX 54.70 ($0.71) and a 12 month high of GBX 146.90 ($1.92). The company has a market cap of $646.88 million and a price-to-earnings ratio of 5.03. The stock has a fifty day moving average of GBX 76.09.
Premier Oil plc, an oil and gas company, engages in the exploration, production, and development of oil and gas properties primarily in the Falkland Islands, Indonesia, Pakistan, the United Kingdom, Vietnam, and internationally. As of December 31, 2017, it had proven and probable reserves (2P) of 302 million barrels of oil equivalent (mmboe); and 2P reserves and 2C resources of 902 mmboe.
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