Could Premier Oil PLC See a Reversal After This Very Strong Session?

 Could Premier Oil PLC See a Reversal After This Very Strong Session?

The stock of Premier Oil PLC (LON:PMO) is a huge mover today! The stock increased 0.46% or GBX 0.26 on November 16, hitting GBX 56.01. About 13.63 million shares traded hands or 68.27% up from the average. Premier Oil PLC (LON:PMO) has risen 10.40% since April 18, 2016 and is uptrending. It has outperformed by 5.71% the S&P500.
The move comes after 8 months positive chart setup for the GBX 329.71M company. It was reported on Nov, 16 by Barchart.com. We have GBX 162.99 PT which if reached, will make LON:PMO worth GBX 629.75M more.

Premier Oil PLC (LON:PMO) Ratings Coverage

Out of 23 analysts covering Premier Oil PLC (LON:PMO), 12 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 52% are positive. Premier Oil PLC has been the topic of 165 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Liberum Capital maintained the shares of PMO in a report on Thursday, February 25 with “Buy” rating. The firm has “Outperform” rating given on Wednesday, September 23 by RBC Capital Markets. Deutsche Bank maintained the stock with “Buy” rating in Friday, August 21 report. The firm earned “Sell” rating on Wednesday, February 24 by Stifel Nicolaus. The stock has “Neutral” rating given by Nomura on Wednesday, November 4. The stock has “Buy” rating given by Liberum Capital on Monday, February 1. The rating was maintained by Davy Research with “Neutral” on Thursday, March 3. Barclays Capital maintained Premier Oil PLC (LON:PMO) on Thursday, April 28 with “Equal Weight” rating. The stock of Premier Oil PLC (LON:PMO) earned “Underperform” rating by Credit Suisse on Tuesday, December 1. JP Morgan initiated the stock with “Neutral” rating in Monday, December 7 report.

More news for Premier Oil PLC (LON:PMO) were recently published by: Fool.Co.Uk, which released: “Is Premier Oil plc a better buy than BP plc?” on July 06, 2016. Fool.Co.Uk‘s article titled: “Is Royal Dutch Shell plc a better investment than Premier Oil plc?” and published on August 18, 2016 is yet another important article.

Premier Oil plc is an independent exploration and production firm with gas and oil interests in the North Sea, South East Asia, Pakistan, the Falkland Islands and Latin America. The company has a market cap of 329.71 million GBP. The Firm is engaged in the business of upstream gas and oil exploration and production. It currently has negative earnings. The Company’s activities are located and managed in six business units: the Falkland Islands, Indonesia, Pakistan , the United Kingdom, Vietnam and the Rest of the World.

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