A statement released earlier today by RBC Capital Markets about Premier Oil PLC (LON:PMO) bumps the target price to 125.00GBX
- Updated: October 15, 2016
Yesterday Premier Oil PLC (LON:PMO) traded 0.34% higher at 72.38GBX. The company’s 50-day moving average is 68.99GBX and its 200-day moving average is 66.89GBX. The last stock close price is up 9.88% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 5,088,252 shares of the stock were exchanged, down from an average trading volume of 7,026,230
RBC Capital Markets upped the price target of Premier Oil PLC (LON:PMO) to 125.00GBX stating a potential upside of 0.73%.
Previously on 10/06/2016, Jefferies International reported about Premier Oil PLC (LON:PMO) held steady the target price at 88.00GBX. At the time, this indicated a possible upside of 0.22%.
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Premier Oil PLC has a 52 week low of 19.00GBX and a 52 week high of 93.86GBX The company’s market cap is currently 0 GBX.
About Premier Oil PLC (LON:PMO)
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. In total, the Company manages approximately 760 million barrels of oil equivalent (mmboe). The Company has production rates of over 90 thousand barrels of oil equivalent per day (kboepd). The Company focuses on producing 68 to 73 kboepd. The Company's four-well North Falklands Basin campaign targets multiple stacked fans in PL004 and PL032 using the Eirik Raude rig. The Company owns an interest in over two licenses, such as Natuna Sea Block A and Kakap.
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