How Positive is Barclays on Premier Oil (LON:PMO) Following Today’s Upgrade? The Target Price is GBX 145.00

May 17, 2018 - By Clifton Ray

Premier Oil plc (LON:PMO) Logo

Investors sentiment decreased to 1.11 in 2017 Q4. Its down 0.56, from 1.67 in 2017Q3. It is negative, as 5 investors sold Premier Oil plc shares while 13 reduced holdings. 7 funds opened positions while 13 raised stakes. 5.49 million shares or 2.46% more from 5.36 million shares in 2017Q3 were reported.

Raymond James And accumulated 89,837 shares or 0% of the stock. Financial Bank Of Montreal Can has 5,725 shares for 0% of their portfolio. Staley Capital Advisers Inc holds 0.01% in Premier Oil plc (LON:PMO) or 15,000 shares. Cohen And Steers Inc reported 29,617 shares. First Allied Advisory invested 0.01% of its portfolio in Premier Oil plc (LON:PMO). Jpmorgan Chase Communications accumulated 1,200 shares. Twin Focus Prtnrs Ltd Liability holds 0.2% in Premier Oil plc (LON:PMO) or 31,294 shares. Northwestern Mutual Wealth Mgmt has invested 0% of its portfolio in Premier Oil plc (LON:PMO). Smith Moore & Com stated it has 61,421 shares or 0.2% of all its holdings. Pennsylvania-based Sei Invs Company has invested 0% in Premier Oil plc (LON:PMO). Cap Inv Advsr Ltd Liability Corporation reported 0.07% in Premier Oil plc (LON:PMO). Lpl Financial Ltd Liability reported 19,594 shares. Tradewinds Management Ltd Limited Liability Company owns 5,796 shares. Cambridge Inv Rech Advisors Inc stated it has 24,143 shares. Riggs Asset Managment Incorporated reported 1,500 shares stake.

Premier Oil (LON:PMO) Stock Upgrade

Trading for shares of Premier Oil (LON:PMO) will be watched closely today, as Barclays upped the stock to a solid rating of a “Overweight”. In addition to their ratings upgrade, Barclays set a target price of GBX 145.00 which was 21.44 % higher.

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 103.57’s average target is -14.76% below currents GBX 121.5 stock price. Premier Oil PLC had 24 analyst reports since November 21, 2017 according to SRatingsIntel. The stock has “Underperform” rating by Credit Suisse on Thursday, December 7. Barclays Capital maintained Premier Oil plc (LON:PMO) rating on Tuesday, February 6. Barclays Capital has “Underweight” rating and GBX 75 target. As per Wednesday, December 20, the company rating was maintained by Jefferies. The rating was upgraded by Barclays Capital to “Overweight” on Thursday, May 17. Peel Hunt maintained Premier Oil plc (LON:PMO) on Friday, December 22 with “Buy” rating. The firm has “Buy” rating given on Monday, January 8 by Peel Hunt. The stock of Premier Oil plc (LON:PMO) has “Sector Performer” rating given on Tuesday, January 16 by RBC Capital Markets. The firm earned “Underweight” rating on Wednesday, January 31 by Barclays Capital. The firm has “Equal Weight” rating by Barclays Capital given on Wednesday, April 11. The stock of Premier Oil plc (LON:PMO) earned “Buy” rating by Peel Hunt on Thursday, March 8.

The stock increased 8.10% or GBX 9.1 during the last trading session, reaching GBX 121.5. About 20.21M shares traded or 82.83% up from the average. Premier Oil plc (LON:PMO) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% 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 932.32 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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