Premier Oil (LON:PMO) Rating
They currently have a GBX 152 PT on Premier Oil (LON:PMO). Numis’s target would suggest a potential upside of 406.67% from the company’s stock close price. This was revealed to clients and investors in analysts note on 12 February.
Out of 23 analysts covering Premier Oil PLC (LON:PMO), 12 rate it “Buy”, 2 “Sell”, while 9 “Hold”. This means 52% are positive. GBX 370 is the highest target while GBX 12 is the lowest. The GBX 105.81 average target is 225.57% above today’s (GBX 32.5) stock price. Premier Oil PLC was the topic in 106 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Numis Securities maintained the stock on February 12 with “Buy” rating. J.P. Morgan maintained it with “Neutral” rating and GBX 60 target price in a February 1 report. Bernstein maintained the shares of PMO in a report on February 3 with “Outperform” rating. Nomura upgraded the firm’s rating on February 1. Nomura has “Buy” rating and GBX 80 price target. Finally, BMO Capital Markets upgraded the stock to “Market Perform” rating in a February 2 report.
The stock increased 9.24% or GBX 2.75 on February 12, hitting GBX 32.5. About 7.31 million shares traded hands or 6.72% up from the average. Premier Oil PLC (LON:PMO) has declined 77.56% since July 14, 2015 and is downtrending. It has underperformed by 67.35% the S&P500.
The institutional sentiment decreased to 0.81 in 2015 Q3. Its down 0.43, from 1.24 in 2015Q2. The ratio dropped, as 3 funds sold all Premier Oil PLC shares owned while 18 reduced positions. 7 funds bought stakes while 10 increased positions. They now own 7.17 million shares or 5.49% less from 7.58 million shares in 2015Q2.
New Vernon Investment Management Llc holds 2.92% of its portfolio in Premier Oil PLC for 310,000 shares. Samson Capital Advisors Llc owns 266,747 shares or 1.4% of their US portfolio. Moreover, Karpus Management Inc. has 1.04% invested in the company for 1.88 million shares. The New Jersey-based Brave Asset Management Inc has invested 0.89% in the stock. Oak Hill Advisors Lp, a New York-based fund reported 257,500 shares.
Premier Oil plc is an independent exploration and production company. The company has a market cap of 165.45 million GBP. The Firm has gas and oil interests in the North Sea, South East Asia, Pakistan and the Falkland Islands. It currently has negative earnings. The Company’s activities are located and managed in seven business units: the Falkland Islands, Indonesia, Norway, Pakistan , the United Kingdom, Vietnam and the Rest of the World.