FY2019 Earnings Forecast for Premier Oil PLC (OTCMKTS:PMOIY) Issued By Jefferies Financial Group

Premier Oil PLC (OTCMKTS:PMOIY) – Research analysts at Jefferies Financial Group dropped their FY2019 earnings estimates for Premier Oil in a report issued on Tuesday, June 25th, according to Zacks Investment Research. Jefferies Financial Group analyst M. Wilson now expects that the energy producer will post earnings per share of $0.22 for the year, down from their prior forecast of $0.24. Jefferies Financial Group also issued estimates for Premier Oil’s FY2020 earnings at $0.11 EPS and FY2022 earnings at ($0.01) EPS.

A number of other equities research analysts also recently commented on the company. ValuEngine downgraded Zogenix from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 11th. Macquarie started coverage on Tullow Oil in a research report on Wednesday, May 1st. They issued a “neutral” rating for the company. Stifel Nicolaus raised Premier Oil from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Finally, Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Premier Oil has a consensus rating of “Hold” and a consensus target price of $1.25.

Shares of OTCMKTS:PMOIY traded down $0.02 during midday trading on Wednesday, reaching $0.90. The company’s stock had a trading volume of 2,000 shares, compared to its average volume of 12,496. Premier Oil has a 1 year low of $0.69 and a 1 year high of $1.95. The company’s 50 day moving average is $0.99.

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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Earnings History and Estimates for Premier Oil (OTCMKTS:PMOIY)

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