Premier Oil PLC (PMOIY) Upgraded to “Buy” by Jefferies Group LLC

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MONITORING DESK
LONDON
Jefferies Group LLC upgraded shares of Premier Oil PLC (OTCMKTS:PMOIY) from a hold rating to a buy rating in a report released on Tuesday, August 29th,Marketbeat Ratings reports.
Several other analysts also recently commented on the stock. ValuEngine upgraded shares of Premier Oil PLC from a hold rating to a buy rating in a research report on Thursday, July 13th. Zacks Investment Research downgraded shares of Premier Oil PLC from a hold rating to a sell rating in a research report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold.
Shares of Premier Oil PLC (PMOIY) opened at 0.775 on Tuesday. Premier Oil PLC has a 52 week low of $0.56 and a 52 week high of $1.15.
The firm’s market capitalization is $395.87 million. The company’s 50 day moving average price is $0.73 and its 200-day moving average price is $0.76.
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.