Stifel Nicolaus Lowers Premier Oil (OTCMKTS:PMOIY) to Hold

Premier Oil (OTCMKTS:PMOIY) was downgraded by stock analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, September 5th, Briefing.com Automated Import reports.

PMOIY has been the topic of several other reports. Barclays cut shares of Premier Oil from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 2nd. Zacks Investment Research lowered shares of Premier Oil from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. Finally, ValuEngine upgraded shares of Premier Oil from a “strong sell” rating to a “sell” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $1.25.

OTCMKTS PMOIY opened at $0.94 on Thursday. The company has a quick ratio of 1.43, a current ratio of 1.46 and a debt-to-equity ratio of 2.49. The stock has a market cap of $721.91 million, a P/E ratio of 7.83 and a beta of 1.85. Premier Oil has a twelve month low of $0.69 and a twelve month high of $1.95. The company’s 50-day simple moving average is $0.86 and its 200 day simple moving average is $1.03.

Premier Oil Company Profile

Premier Oil plc, an oil and gas company, engages in the exploration, production, and development of oil and gas properties primarily in the Falkland Islands, Indonesia, Pakistan, the United Kingdom, Vietnam, and internationally. As of December 31, 2017, it had proven and probable reserves (2P) of 302 million barrels of oil equivalent (mmboe); and 2P reserves and 2C resources of 902 mmboe.

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