Analysts are on the Bearish side about Premier Oil plc (LON:PMO) this week.

June 19, 2018 - By Maria Brooks

Premier Oil plc (LON:PMO) LogoInvestors sentiment increased to 1.63 in 2018 Q1. Its up 0.52, from 1.11 in 2017Q4. It is positive, as 5 investors sold Premier Oil plc shares while 11 reduced holdings. 10 funds opened positions while 16 raised stakes. 5.88 million shares or 7.04% more from 5.49 million shares in 2017Q4 were reported.
Ameriprise Inc holds 0% of its portfolio in Premier Oil plc (LON:PMO) for 20,684 shares. Millennium Mgmt reported 0% stake. Royal Bankshares Of Canada invested in 209,548 shares or 0% of the stock. Savings Bank Of America De reported 356,045 shares or 0% of all its holdings. Raymond James has 104,067 shares. Wells Fargo & Mn stated it has 208,707 shares. Guggenheim Capital Limited Liability Company has 480,697 shares. Susquehanna Group Incorporated Ltd Liability Partnership reported 0% in Premier Oil plc (LON:PMO). Karpus Inc accumulated 337,505 shares or 0.18% of the stock. Parametric Port Assocs Ltd Liability reported 187,376 shares stake. Mackay Shields Ltd Liability Corporation stated it has 0.09% in Premier Oil plc (LON:PMO). 28,790 are owned by Lpl Fin Lc. Ledyard Bank has invested 0% in Premier Oil plc (LON:PMO). State Bank Of Montreal Can has 5,725 shares for 0% of their portfolio. Northwestern Mutual Wealth Mngmt holds 0% or 8,303 shares.

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 117.14’s average target is 7.97% above currents GBX 108.49 stock price. Premier Oil PLC had 25 analyst reports since December 20, 2017 according to SRatingsIntel. As per Friday, June 15, the company rating was maintained by Barclays Capital. Canaccord Genuity maintained it with “Buy” rating and GBX 120 target in Friday, January 19 report. On Tuesday, February 27 the stock rating was maintained by Credit Suisse with “Underperform”. Credit Suisse maintained the stock with “Underperform” rating in Monday, January 8 report. Jefferies maintained Premier Oil plc (LON:PMO) rating on Friday, January 12. Jefferies has “Buy” rating and GBX 120 target. As per Thursday, March 8, the company rating was maintained by Peel Hunt. The stock has “Underweight” rating by Barclays Capital on Tuesday, February 6. The firm earned “Underweight” rating on Monday, January 15 by Barclays Capital. Peel Hunt reinitiated Premier Oil plc (LON:PMO) on Thursday, January 18 with “Buy” rating. The stock has “Buy” rating by Peel Hunt on Monday, January 8. Below is a list of Premier Oil plc (LON:PMO) latest ratings and price target changes.

15/06/2018 Broker: Barclays Capital Rating: Overweight Old Target: GBX 145.00 New Target: GBX 135.00 Maintain
12/06/2018 Broker: Jefferies Rating: Buy Old Target: GBX 120.00 New Target: GBX 185.00 Maintain
21/05/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 140.00 Maintain
17/05/2018 Broker: Barclays Capital Rating: Overweight Old Target: GBX 110.00 New Target: GBX 145.00 Upgrade
16/05/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 100.00 Maintain
30/04/2018 Broker: Peel Hunt Rating: Buy New Target: GBX 100.00 Maintain
11/04/2018 Broker: Barclays Capital Rating: Equal Weight Old Target: GBX 5800.00 New Target: GBX 8500.00 Maintain
28/03/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 100.00 New Target: GBX 100.00 Maintain
08/03/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 115.00 Maintain
02/03/2018 Broker: Investec Rating: Hold Old Target: GBX 100.00 New Target: GBX 80.00 Maintain

The stock decreased 2.26% or GBX 2.51 during the last trading session, reaching GBX 108.49. About 3.04 million shares traded. Premier Oil plc (LON:PMO) has 0.00% since June 19, 2017 and is . It has underperformed by 12.57% 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 833.42 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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