Premier Oil

H1 performance biased to upper end of expectations

  • Sectors : Resource
  • Companies : Premier Oil

Ratings and price correct at time of issue.

  • Premier Oil

    Closing Price: 72.3p

  • RATING 20/06/14

  • PREVIOUS RATING 03/04/12



Both financial metrics and operational performance are either in line or at the upper end of expectation. The group is performing well operationally and has lined up a suite of new projects that are either in appraisal phase or offer good exploration opportunity. As an Exploration and Production (E&P) group, the stock offers many attractions, including valuation, but performance remains subject to oil market sentiment.

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Aug 22 2019, 08:45 IST/BST