Time To Underperform Premier Oil plc (OTCMKTS:PMOIY), Credit Suisse Confirms


How Credit Suisse Currently Rates Premier Oil plc (OTCMKTS:PMOIY)

Credit Suisse have started its coverage on Premier Oil plc (OTCMKTS:PMOIY), today Tuesday morning. The financial firm finds the stock of Premier Oil plc (OTCMKTS:PMOIY) attractive and has given it Underperform rating.

From a total of 3 analysts covering Premier Oil plc (OTCMKTS:PMOIY) stock, 1 rate it a ”Buy”, 1 a “Sell”, and 1 a ”Hold”. This means that 33% of the ratings are positive. Premier Oil plc was the topic of 3 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. BMO Capital Markets downgraded shares on September 18 to “Underperform” rating. Numis Securities upgraded PMOIY stock in a recent report from July 22 to “Buy” rating.

It is down 60.23% since April 28, 2015 and is downtrending. It has underperformed by 58.60% the S&P500.

Time To Underperform Premier Oil plc (OTCMKTS:PMOIY), Credit Suisse Confirms

Premier Oil plc is an independent exploration and production company. The company has a market cap of $579.49 million. The Firm has gas and oil interests in the North Sea, South East Asia, Pakistan and the Falkland Islands. It currently has negative earnings. The Company’s activities are located and managed in seven business units: the Falkland Islands, Indonesia, Norway, Pakistan , the United Kingdom, Vietnam and the Rest of the World.

According to Zacks Investment Research, “Premier Oil PLC is engaged in oil and gas exploration, development and production. The Company’s operations are located in the North Sea, Asia, Middle East-Pakistan, and West Africa. It is independent and pursuing its strategy of low-risk development of existing discovered reserves whilst maintaining shareholder leverage to material exploration upside. The company is pre-funded for its committed development programme and planned exploration programme. The Company is focused on four core Businesses in the North Sea, Africa, Middle East/Pakistan, and Asia. Premier is seeking to grow through organic production growth, high impact exploration, and acquisitions in the areas they know well.” Get a free copy of the Zacks research report on Premier Oil PLC (ADR) (PMOIY)