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Jefferies International announced Premier Oil PLC (LON:PMO), bumping up its stock price target to 88.00GBX today

Having a price of 72.00GBX, Premier Oil PLC (LON:PMO) traded 5.28% higher on the day. With the last stock close up 1.72% from the 200-day moving average, compared to the S&P 500 Index which has decreased -0.01% over the same period. Premier Oil PLC has logged a 50-day moving average of 67.95GBX and 200-day average of 63.66GBX. Trade volume was was up over the average, with 8,264,624 shares of PMO changing hands over the typical 7,686,870 shares.

Reporting a possible upside of 0.22%, Jefferies International bumped the target stock price of Premier Oil PLC (LON:PMO) to 88GBX

See Graphic Below:

Premier Oil PLC (LON:PMO)

Premier Oil PLC has a 52 week low of 19.00GBX and a one-year high of 96.95GBX. Premier Oil PLC’s market capitalization is currently 0.0 GBX.

General Company Details For 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, and such as Natuna Sea Block A and Kakap.

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