Premier Oil PLC (OTCMKTS:PMOIY) shares fell 2.3% during mid-day trading on Thursday . The stock traded as low as $1.30 and last traded at $1.30, 300 shares were traded during mid-day trading. A decline of 92% from the average session volume of 3,900 shares. The stock had previously closed at $1.33.
A number of brokerages recently issued reports on PMOIY. Zacks Investment Research downgraded shares of Premier Oil from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. ValuEngine cut shares of Premier Oil from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Premier Oil presently has a consensus rating of “Hold” and a consensus price target of $1.25.
The stock has a 50-day moving average price of $1.38 and a 200 day moving average price of $1.11.
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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