Premier Oil PLC (OTCMKTS:PMOIY) Given Consensus Rating of “Hold” by Brokerages

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Shares of Premier Oil PLC (OTCMKTS:PMOIY) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company.

Several research analysts have commented on PMOIY shares. Berenberg Bank downgraded Premier Oil from a “buy” rating to a “hold” rating in a report on Wednesday, April 29th. Barclays cut Premier Oil from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, April 1st. ValuEngine raised Premier Oil from a “sell” rating to a “hold” rating in a research report on Monday. Zacks Investment Research cut Premier Oil from a “hold” rating to a “sell” rating in a research report on Friday, March 13th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Premier Oil in a research report on Monday.

Shares of OTCMKTS:PMOIY traded down $0.11 during trading on Monday, hitting $0.61. The company had a trading volume of 4,106 shares, compared to its average volume of 12,737. Premier Oil has a one year low of $0.19 and a one year high of $1.55. The company has a fifty day simple moving average of $0.37 and a two-hundred day simple moving average of $0.85.

About Premier Oil

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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