PMO.L - Premier Oil plc

LSE - LSE Delayed price. Currency in GBp
120.60
-3.00 (-2.43%)
At close: 4:36PM BST
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Previous close123.60
Open122.50
Bid116.00 x 2221100
Ask135.10 x 472400
Day's range118.50 - 122.80
52-week range52.00 - 135.20
Volume7,529,460
Avg. volume13,286,324
Market cap933.888M
Beta3.24
PE ratio (TTM)N/A
EPS (TTM)-49.40
Earnings date23 Aug 2018
Forward dividend & yieldN/A (N/A)
Ex-dividend date2014-04-16
1y target est1.84
  • Reuters3 days ago

    Norway oil workers and employers agree deal, strike ends

    Norwegian drilling rigs workers will end their industrial action after the union representing 1,600 striking employees reached a deal with the group acting for their employers, the parties said on Thursday. The strike began on July 10 after the Safe union and the Norwegian Shipowners' Association could not come to an agreement over wages and pension conditions. "The strike is over ... All workers will go back to work today," the lead negotiator for the Safe union told Reuters.

  • Reuters - UK Focus3 days ago

    Norway oil workers and employers agree deal, strike ends

    Norwegian drilling rigs workers will end their industrial action after the union representing 1,600 striking employees reached a deal with the group acting for their employers, the parties said on Thursday. The strike began on July 10 after the Safe union and the Norwegian Shipowners' Association could not come to an agreement over wages and pension conditions. The industrial action led to the shutdown of one Shell (LSE: RDSB.L - news) -operated field.

  • Reuters5 days ago

    Not dead yet - Home of Brent crude gets new lease of life

    When ETAP was launched 20 years ago today, some experts predicted the UK sector of the North Sea would cease most production by 2030. From original plans to stop production at ETAP, BP decided to invest $1 billion in 2015. "One has to take stock of the potential going forward and make an intervention that allows for the right investment to extend life," Ariel Flores, BP's North Sea Chief, told Reuters.

  • Dril-Quip Wins Subsea Supply Contract for Offshore Project
    Zacks7 days ago

    Dril-Quip Wins Subsea Supply Contract for Offshore Project

    Per the contract, Dril-Quip (DRQ) will provide 23 subsea production systems to Premier Oil Exploration and Production Limited.

  • Premier Oil’s board clears the way for new North Sea gas project
    The Telegraph11 days ago

    Premier Oil’s board clears the way for new North Sea gas project

    Premier Oil’s board clears the way for new North Sea gas project

  • Is the Premier Oil share price heading for 300p again?
    Fool.co.uk11 days ago

    Is the Premier Oil share price heading for 300p again?

    Rupert Hargreaves explains why he believes Premier Oil plc (LON: PMO) is seriously undervalued.

  • Reuters11 days ago

    As debt shrinks, Premier Oil looks to growth

    As Premier Oil (PMO.L) makes progress on shrinking its debt pile, it is turning its attention to growth from its UK Tolmount gas field and by looking at buying existing production in the North Sea. "We would aim to continue to participate in the UK North Sea going forward. Oil majors such as BP (BP.L) and Total (TOTF.PA) have also shown renewed interest in investing in North Sea assets in recent months as the oil price has rebounded and energy companies recover after slashing production costs following the oil price slump of 2014.

  • Reuters - UK Focus11 days ago

    As debt shrinks, Premier Oil looks to growth

    As Premier Oil makes progress on shrinking its debt pile, it is turning its attention to growth from its UK Tolmount gas field and by looking at buying existing production in the North Sea. "We would aim to continue to participate in the UK North Sea going forward. Oil majors such as BP and Total (LSE: 524773.L - news) have also shown renewed interest in investing in North Sea assets in recent months as the oil price has rebounded and energy companies recover after slashing production costs following the oil price slump of 2014.

  • Reuters - UK Focus11 days ago

    Premier Oil approves Tolmount gas project

    Premier Oil's board has approved its Tolmount gas project in the UK North Sea ahead of a final investment decision in the third quarter and the company also expects to start drilling on a first well in ...

  • Premier Oil plc (LON:PMO): What Does It Mean For Your Portfolio?
    Simply Wall St.2 months ago

    Premier Oil plc (LON:PMO): What Does It Mean For Your Portfolio?

    If you are looking to invest in Premier Oil plc’s (LSE:PMO), or currently own the stock, then you need to understand its beta in order to understand how it canRead More...

  • Reuters - UK Focus2 months ago

    BW Offshore's FPSO Catcher to be on full day rates from Q3 after lower Q2 -CEO

    ** Chief Executive Carl Arnet in FPSO firm BW Offshore Ltd says testing carried out on the Catcher field project in the British North Sea will impact the company's day rates negatively in Q2 ** BW Offshore ...

  • Can the Premier Oil share price reach 150p in 2018?
    Fool.co.uk2 months ago

    Can the Premier Oil share price reach 150p in 2018?

    Does Premier Oil plc (LON:PMO) have further gains ahead after a strong performance in the last year?

  • Reuters - UK Focus2 months ago

    In vote of confidence, oil firms mop up new North Sea blocks

    The UK Oil and Gas Authority (OGA) on Wednesday awarded 123 licences to 61 companies to explore for and develop new fields in the North Sea, in the latest sign of confidence in the ageing basin that has enjoyed a revival in recent years. Companies ranging from Royal Dutch Shell (LSE: 0LN9.L - news) , BP and Norway's Equinor, to smaller independents including Siccar Point, Chrysaor and Premier Oil (LSE: PMO.L - news) were awarded 229 blocks covering a total area of 26,659 square km, the OGA said in a statement. "The OGA expects this round to lead very quickly to activity, providing a welcome boost to exploration," it said.

  • Phoenix from the ashes: Investors pile into smaller European oil groups
    Reuters2 months ago

    Phoenix from the ashes: Investors pile into smaller European oil groups

    Investors have sent shares in European oil exploration and production (E&P) focussed companies like Premier (PMO.L), Tullow (TLW.L), EnQuest (ENQ.L) and Faroe (FPM.L), soaring, and some fund managers say they have not peaked yet. Shares in smaller and mid-cap British oil companies are outperforming the London FTSE blue chip index (.FTSE) and their larger competitors (.SXEP), riding the wave of rising oil prices (LCOc1) much higher than oil majors. "The sector has performed quite well, but not as well as it might have done, we've only just started the rally," said Paul Mumford, senior fund manager at Cavendish Asset Management, who is invested in Faroe, EnQuest, Tullow, Hurricane Energy (HUR.L) and Cairn Energy (CNE.L) and other smaller E&P groups.

  • Premier Oil ready to cash in as North Sea project hits full pelt
    The Telegraph2 months ago

    Premier Oil ready to cash in as North Sea project hits full pelt

    Premier Oil ready to cash in as North Sea project hits full pelt

  • Reuters2 months ago

    Premier Oil says debt reduction on track as output grows

    Premier Oil (PMO.L) said on Wednesday it is heading for a "material" reduction of its $2.7 billion debt pile, with its Catcher field ramp-up reaching a promised 60,000 barrels per day as oil prices (LCOc1) trade at their highest in more than three years. In a trading update, Premier reiterated it was on track to meet its full-year production guidance of 80,000-85,000 barrels of oil equivalent per day. "We are on track to deliver our plan of material debt reduction in 2018 and 2019 with selective investment in our future growth projects from 2020, once balance sheet strength has been restored," Chief Executive Tony Durrant said.

  • Reuters - UK Focus2 months ago

    Premier Oil says debt reduction on track as output grows

    Premier Oil (LSE: PMO.L - news) said on Wednesday it is heading for a "material" reduction of its $2.7 billion debt pile, with its Catcher field ramp-up reaching a promised 60,000 barrels per day as oil prices trade at their highest in more than three years. In a trading update, Premier (BSE: 500540.BO - news) reiterated it was on track to meet its full-year production guidance of 80,000-85,000 barrels of oil equivalent per day. "We are on track to deliver our plan of material debt reduction in 2018 and 2019 with selective investment in our future growth projects from 2020, once balance sheet strength has been restored," Chief Executive Tony Durrant said.

  • Globe Newswire3 months ago

    GC Rieber Shipping: Shearwater GeoServices awarded North Sea survey for Premier Oil

    Stock Exchange Notice Date: 03 May 2018

  • Reuters3 months ago

    Oil stocks face crucial earnings test as investors venture back in

    Formerly sceptical investors are buying back into oil majors in the hope that upcoming results will mark a turning point for energy stocks which have failed to keep pace with a surge in crude prices. Oil stocks could begin to close that gap if results live up to lofty expectations, with Goldman Sachs predicting the strongest free cash flow figures in a decade for the sector. Oil is the best-performing global asset this year, with Brent crude up 11.4 percent since January, but energy stocks have continued to lag the commodity.

  • Reuters3 months ago

    Premier Oil to look at longer-term hedging - CFO

    Premier Oil (PMO.L) will look at extending the timeframe for oil price hedges beyond 12-18 months to protect its balance sheet and return on investments which might take years to start operating fully, Finance Director Richard Rose said.

  • Reuters - UK Focus3 months ago

    Premier Oil to look at longer-term hedging -CFO

    Premier Oil (LSE: PMO.L - news) will look at extending the timeframe for oil price hedges beyond 12-18 months to protect its balance sheet and return on investments which might take years to start operating fully, Finance Director Richard Rose said. "One concern in the industry has been the depth of this bear market... I think extending the timeline is something we will look at, to put some small hedges on beyond the 12 to 18 months period," Rose told Reuters on Wednesday.

  • Reuters - UK Focus3 months ago

    Deutsche becomes Premier Oil's 3rd biggest shareholder at 5.2 pct

    * Deutsche Bank becomes British oil and gas explore Premier Oil's 3rd biggest shareholder at 5.22 pct, according to an emailed statement and the latest available shareholder information on Premier's website ...

  • Reuters - UK Focus4 months ago

    Mexico's election front-runner won't end energy reform - adviser

    Olga Sanchez Cordero, the leftist candidate's pick to serve as interior minister, said in comments published on Thursday that if Lopez Obrador is elected he would review contracts - signed since Mexico passed legislation in 2013 ending Pemex's monopoly - to look for signs of corruption. "Andres will not cancel the energy reform," Sanchez Cordero, a former supreme court justice, told the paper.

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