PMO.L - Premier Oil plc

LSE - LSE Delayed price. Currency in GBp
30.77
+1.44 (+4.91%)
At close: 4:35PM BST
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Previous close29.33
Open30.35
Bid30.69 x 0
Ask30.89 x 0
Day's range28.28 - 31.30
52-week range10.02 - 120.70
Volume9,197,844
Avg. volume25,189,127
Market cap258.426M
Beta (5Y monthly)3.37
PE ratio (TTM)1.69
EPS (TTM)18.20
Earnings date20 Aug 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend date16 Apr 2014
1y target est1.84
  • Analysts optimistic on Premier Oil outlook
    Stockopedia

    Analysts optimistic on Premier Oil outlook

    The Premier Oil (LON:PMO) share price has risen by 14.6% over the past month and it’s currently trading at 28.01. For investors considering whether to buy, hol...

  • The Premier Oil share price - is the market missing something?
    Stockopedia

    The Premier Oil share price - is the market missing something?

    Quality and value are two of the most important drivers of stock market returns - yet many investors fail to take them seriously. At a time of deep economic un...

  • Reuters - UK Focus

    Petrobras again delays Garoupa oilfield offer as faces new setbacks - sources

    Petrobras has delayed the submission of binding offers for an oilfield cluster known as Polo Garoupa for a fourth time, two sources with knowledge of the matter told Reuters, as investor appetite in Brazil's offshore oil sector rapidly dries up. With annual production of 19,600 barrels of oil equivalent per day according to bidding documents released last year by the state-run oil company, Garoupa is the largest production asset in Petrobras' expansive divestment portfolio. While a number of potential buyers took an initial look at it, including Brazil's Petro Rio SA , Anglo-French firm Perenco and British-based Premier Oil PLC, current low oil prices make the shallow water fields an increasingly hard sell, said the sources, who requested anonymity as they are bound by confidentiality agreements.

  • Is Premier Oil plc (LON:PMO) Worth UK£0.3 Based On Its Intrinsic Value?
    Simply Wall St.

    Is Premier Oil plc (LON:PMO) Worth UK£0.3 Based On Its Intrinsic Value?

    How far off is Premier Oil plc (LON:PMO) from its intrinsic value? Using the most recent financial data, we'll take a...

  • Reuters

    Court allows Premier Oil to delay debt repayment, raise equity for BP deal

    A British court on Wednesday approved Premier Oil's <PMO.L> plans to extend debt maturities by two years and raise up to $500 million in equity to buy North Sea assets from BP and others, but the deal depends on market conditions, Premier said. Activist hedge fund ARCM, which has a short position on Premier's shares of around 17% and holds around 15% of its debt, said it would appeal the court's decision, which delays any further action until the appeal is resolved. Oil prices <LCOc1> have slumped about two-thirds to around $20 a barrel since Premier in January first announced its acquisition plans and the financial arrangements linked to Wednesday's ruling.

  • Oil stocks in turmoil! Is the PMO share price worth watching?
    Fool.co.uk

    Oil stocks in turmoil! Is the PMO share price worth watching?

    Oil stocks are a hot topic since the price of oil went negative. Supply and demand are disrupting the sector and speculation is rife that oil is in trouble. The post Oil stocks in turmoil! Is the PMO share price worth watching? appeared first on The Motley Fool UK.

  • Does the new oil crisis make the Premier Oil share price unmissable?
    Fool.co.uk

    Does the new oil crisis make the Premier Oil share price unmissable?

    The Premier Oil share price has plunged to new lows as the oil price slump grips the market. So is Premier a top recovery buy now?The post Does the new oil crisis make the Premier Oil share price unmissable? appeared first on The Motley Fool UK.

  • Should you buy BP shares or Premier Oil in this oil market crash?
    Fool.co.uk

    Should you buy BP shares or Premier Oil in this oil market crash?

    The oil market crash has sent BP shares plunging along with the rest of the oil sector. But which is the best stock to buy to play the recovery? The post Should you buy BP shares or Premier Oil in this oil market crash? appeared first on The Motley Fool UK.

  • Reuters - UK Focus

    Most North Sea oil output "in the money", but decom bill looms - Woodmac

    Most North Sea oil and gas fields can make money at $30 a barrel, but stakeholders in the fields that have to be shut in the current price rout are set to face a huge bill for removing facilities like platforms and subsea infrastructure, Wood Mackenzie said. The North Sea between Britain and Norway, home of the Brent crude stream that underpins global oil prices, is one of the world's oldest and most expensive oil basins. Crude oil prices have posted four straight weeks of losses and dropped more than 60% since the start of the year.

  • Did Changing Sentiment Drive Premier Oil's (LON:PMO) Share Price Down A Painful 89%?
    Simply Wall St.

    Did Changing Sentiment Drive Premier Oil's (LON:PMO) Share Price Down A Painful 89%?

    Premier Oil plc (LON:PMO) shareholders are doubtless heartened to see the share price bounce 31% in just one week. But...

  • Reuters - UK Focus

    Britain's oil, gas industry calls for government cash as price crashes

    Britain's oil and gas sector needs financial help to survive, industry body OGUK said, as the oil price crash triggered by the coronavirus and a Saudi-Russian price war means they may be unable to keep producing hydrocarbons in the North Sea. Benchmark oil prices on Wednesday fell to around $25 a barrel, their lowest level in 17 years, as measures to tackle the virus outbreak have had a drastic impact on demand.

  • Reuters

    Premier Oil sees at least $100 million in capex cuts

    Oil prices were set for their worst weekly drop since the 2008 financial crisis, with major oil producing countries planning to add more crude to an oversupplied market. Premier joins oil major Chevron Corp <CVX.N> and Occidental Petroleum Corp <OXY.N> in exploring ways to cut spending amidst the crash in prices.

  • Reuters - UK Focus

    Bets against Tullow Oil shares at highest in over a year - data

    Short positions on Tullow Oil shares hit a more than 15-month high on Monday, data from industry tracker FIS' Astec Analytics showed, in a sign of investors growing pessimism over the company's prospects ahead of its 2019 results on Thursday. Shares in Tullow have nosedived around 92% in the past six months on the back of weak output in Ghana, delays in East Africa, lower-than-hoped-for oil quality in Guyana and a dry well in Peru. Tullow is cutting around a third of its workforce, seeking to sell stakes in some of its assets and hunting for a new chief executive.

  • Reuters - UK Focus

    GLOBAL MARKETS-Coronavirus shock, oil price plunge pummel world stocks

    NEW YORK/LONDON, March 9 (Reuters) - Global stock markets plunged on Monday and crude oil prices tumbled by as much as a third after Saudi Arabia launched a price war with Russia, sending investors already spooked by the coronavirus outbreak fleeing for the safety of bonds and the Japanese yen. European stocks suffered hefty losses and a 7% slide in the S&P 500 at the open on Wall Street triggered a circuit-breaker put in place after the financial crisis a decade ago, halting U.S. stock trading for 15 minutes.

  • Reuters - UK Focus

    GLOBAL MARKETS-Coronavirus shock and oil price fall pummel world stocks

    Global stocks plunged on Monday and prices for crude oil tumbled as much as 33% after Saudi Arabia launched a price war with Russia, sending investors already worried by the coronavirus fleeing for the safety of bonds and the yen. Saudi Arabia had stunned markets with plans to raise its production significantly after the collapse of OPEC's supply cut agreement with Russia - a grab for market share reminiscent of a drive in 2014 that sent prices down by about two-thirds.

  • Reuters

    Premier Oil commits to carbon neutral operations by 2030

    British North Sea-focused oil and gas producer Premier Oil <PMO.L> has committed to carbon neutral operations at its fields by 2030, reporting a record free cash flow of $327 million last year, up around 30% and boosted by its flagship Catcher field. It said on Thursday it would develop its operated projects on a carbon neutral basis in respect of Scope 1 and Scope 2 emissions, referring to emissions from its direct operations and from the power supply it uses. Chief Executive Tony Durrant said greenhouse gas emissions that Premier could not eliminate from its operations through engineering would be covered by offset programmes such as planting trees near the oil and gas fields.

  • Reuters - UK Focus

    Premier Oil 2019 profit rises 23% to $164 mln

    British North Sea oil and gas producer Premier Oil's 2019 profit after tax rose by just under a quarter to $164 million, it said on Thursday, its highest since at least 2014. Premier also committed to reducing its greenhouse gas emissions, saying it would be more than 65% carbon neutral by 2025 and 100% by 2030.

  • Reuters - UK Focus

    Mexico's Pemex signs contracts for new oil projects -CEO

    Mexican national oil company Pemex has begun signing contracts with oilfield service firms specifically invited to submit bids for a new batch of priority exploration and production projects, the state-owned company's chief executive said. CEO Octavio Romero said on the sidelines of an energy event in Ciudad del Carmen, home to numerous Pemex installations in the southern Gulf Coast state of Campeche, that the closed bidding process offers Pemex cost savings. Romero, a close confidant of President Andres Manuel Lopez Obrador, has previously said Pemex aims to discover and develop 20 new oil and gas fields each year, targets viewed as extremely optimistic by industry analysts.

  • Reuters - UK Focus

    Mexican regulator poised to referee dispute over who runs shared oil find

    The dispute over who will run operations for a major offshore oil discovery in Mexico could eventually come down to the technical opinion of the country's independent oil regulator, according to one of the body's commissioners. Closed-door talks between national oil company Pemex and a private consortium led by U.S.-based Talos Energy over who will control operations of the so-called Zama project in the southern Gulf of Mexico have recently slowed, according to the Talos chief executive. If they deadlock, the National Hydrocarbons Commission or CNH would be called upon to provide the country's energy ministry with a legally binding technical assessment that would determine the project's operator, Commissioner Sergio Pimentel said in an interview.

  • Reuters

    Premier Oil creditors vote in favour of deals, new debt structure

    The vote supporting Premier's management is a blow to hedge fund ARCM, which holds 15% of Premier's debt and has had a growing short position in its shares since 2017, currently around 17% of its stock, some four times higher than the average for London-listed firms. ARCM has fought a heavily publicised battle against Premier's plans, saying they were based on too-high commodity price assumptions, too-low decommissioning liability estimates and would make Premier too dependent on a weak gas market. Shares in Premier Oil spiked higher following the announcement, and by 1317 GMT they were up 3.1% at session highs.

  • Reuters - UK Focus

    CORRECTED-Premier Oil creditors vote in favour of deals, new debt structure

    Creditors of Premier Oil gave the indebted oil and gas producer their approval for $800 million of North Sea acquisitions under a scheme that would allow it to delay debt repayments and issue new shares. The vote supporting Premier's management is a blow to hedge fund ARCM, which holds 15% of Premier's debt and has had a growing short position in its shares since 2017, currently around 17% of its stock, some four times higher than the average for London-listed firms. ARCM has fought a heavily publicised battle against Premier's plans, saying they were based on too-high commodity price assumptions, too-low decommissioning liability estimates and would make Premier too dependent on a weak gas market.

  • Reuters

    Premier Oil creditor to question plan to extend debt maturity, approve deals

    The company is set to buy North Sea assets from BP <BP.L> and increase its stake in the Tolmount gas project, funded by a $500 million (380.40 million pounds) rights issue, but faces opposition from hedge fund Asia Research and Capital Management (ARCM), which has vowed to fight the plans. The indebted company won permission from a court last week to have its creditors vote on the planned acquisitions of North Sea assets for around $800 million. Premier Oil plans to hold a creditor meeting to vote on the scheme on Feb. 12, with a hearing to sanction the action decided by the vote expected to take place in March.

  • Premier Oil plc (LON:PMO) Has A ROE Of 11%
    Simply Wall St.

    Premier Oil plc (LON:PMO) Has A ROE Of 11%

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • Reuters

    Court allows Premier Oil creditors' to vote on planned deals on February 12

    Indebted Premier Oil <PMO.L> won permission from a court on Thursday to have its creditors vote on planned acquisitions of North Sea assets for around $800 million under a scheme that would allow it to delay debt repayments and issue new shares. Premier Oil said in a statement that it will hold a creditor meeting to vote on the scheme on Feb. 12, with a hearing to sanction the action decided on in the vote expected to take place in March. Hedge fund ARCM, which holds around 15% of Premier's debt and has had a growing short position in its shares since 2017 - currently around 17% of its stock, some four times higher than the average for London-listed firms - rejected the plans.

  • BP's plan for $625m deal with Premier Oil faces challenge
    The Guardian

    BP's plan for $625m deal with Premier Oil faces challenge

    BP's plan for $625m deal with Premier Oil faces challenge. Aim to offload stakes in older North Sea assets shaken by row over Premier’s $2bn debt pile

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