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Premier Oil PLC (LON:PMO) target price raised to 85.00GBX, reported today by Canaccord Genuity

Yesterday Premier Oil PLC (LON:PMO) traded 5.28% higher at 72.13GBX. The company’s 50-day moving average is 67.95GBX and its two hundred day average is 63.66GBX. With the last stock close up 1.72% relative to the two hundred day average, compared with the S&P 500 which has fallen -0.01% over the same period. 8,264,624 shares of PMO exchanged hands, up from ann avg. volume of 7,686,870.

Premier Oil PLC (LON:PMO) had its price target increased to 85GBX by Canaccord Genuity in an issued report issued 8/22/2016. The new target price indicates a potential upside of 0.18% from the company’s most recent stock close price.

Performance Graph:

Premier Oil PLC (LON:PMO)

With a market cap of 0.0 GBX, Premier Oil PLC has a 52 week low of 19.00GBX and a one-year high of 96.95GBX with a PE ratio of 0.

General Information 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, and such as Natuna Sea Block A and Kakap.

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