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Macquarie announced Premier Oil PLC (LON:PMO), dropping its stock price target to 14.00GBX today

In a report released on 6/21/2017 Macquarie reduced the stock price target of Premier Oil PLC (LON:PMO) from 69.00GBX to 14.00GBX reporting a possible downside of -0.69%.

Just yesterday Premier Oil PLC (LON:PMO) traded -1.18% lower at 45.75GBX. PMO’s 50-day average is 56.89GBX and its two hundred day average is 58.28GBX. With the last close down 7.66% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same period. Trade Volume was down over the average, with 2,831,257 shares of PMO changing hands under the typical 5,666,230

Recent Performance Chart

Premier Oil PLC (LON:PMO)

Premier Oil PLC has with a one year low of 42.75GBX and a one year high of 99.50GBX and has a market capitalization of 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, such as Natuna Sea Block A and Kakap.

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