PMO.L - Premier Oil plc

LSE - LSE Delayed price. Currency in GBp
128.31
-0.69 (-0.53%)
As of 10:37AM BST. Market open.
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Previous close129.00
Open128.90
Bid128.00 x 2221100
Ask128.80 x 472400
Day's range128.30 - 130.90
52-week range42.75 - 132.50
Volume3,357,489
Avg. volume11,704,207
Market cap984.577M
Beta2.82
PE ratio (TTM)N/A
EPS (TTM)-49.40
Earnings date7 Mar 2018 - 12 Mar 2018
Forward dividend & yieldN/A (N/A)
Ex-dividend date2014-04-16
1y target est1.32
  • Phoenix from the ashes: Investors pile into smaller European oil groups
    Reuters5 days 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.

  • Why I believe the Premier Oil share price is still far too cheap
    Fool.co.uk6 days ago

    Why I believe the Premier Oil share price is still far too cheap

    Premier Oil plc (LON:PMO) isn't the only stock Roland Head rates as a buy today.

  • Premier Oil ready to cash in as North Sea project hits full pelt
    The Telegraph6 days 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

  • Reuters6 days 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 Focus6 days 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 Newswire19 days ago

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

    Stock Exchange Notice Date: 03 May 2018

  • The Premier Oil share price is rising. Is it time to buy?
    Fool.co.uk22 days ago

    The Premier Oil share price is rising. Is it time to buy?

    The oil price is rising, and debt at Premier Oil plc (LON: PMO) is slowly falling. Is 2018 the year shareholders will finally see a turnaround?

  • Reuterslast month

    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.

  • Reuterslast month

    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 Focuslast month

    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 Focuslast month

    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 Focus2 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.

  • Reuters2 months ago

    Mexico's Pemex raises hand in final oil auction before election

    Mexico awarded nearly half of the 35 oil and gas blocks tendered on Tuesday, in an auction where state-run Pemex took advantage of growing political risk ahead of a presidential election to consolidate its predominance in the Gulf's shallow waters. The bidding round is the last before the July 1 election in Mexico, which has been directly competing with Brazil for foreign investment in recent years.

  • Reuters - UK Focus2 months ago

    Final Mexico oil auction begins with uneven demand ahead of election

    Mexico saw patchy demand for oil and gas blocks auctioned on Tuesday under the shadow of promises by a presidential frontrunner to review contracts awarded under a historic energy opening if he wins the July 1 election. Spain's Repsol (Amsterdam: RP6.AS - news) and Britain's Premier Oil (LSE: PMO.L - news) were among the winners but 19 of the 27 blocks in the first two Gulf coast basins on offer received no bids, Mexico's energy regulator said. Leftist Andres Manuel Lopez Obrador, who has a comfortable lead in most polls, said that if he wins the July 1 vote, he would review more than 90 contracts signed since Mexico passed legislation in 2013 ending the 75-year monopoly of state energy firm Pemex.

  • Reuters - UK Focus2 months ago

    Repsol, Premier win oil block in last Mexico auction before election

    Mexico on Tuesday kicked off its final energy auction before the July presidential election, tendering 35 shallow-water oil and gas blocks in a test of foreign producers' interest in investing amid uncertainty ...

  • Oil Industry's Female Pay Gap Is Worse Among the Explorers
    Bloomberg2 months ago

    Oil Industry's Female Pay Gap Is Worse Among the Explorers

    Being a top female earner for a major integrated oil company is a rarity, but among the smaller explorers and producers it’s even more of an anomaly.

  • Reuters2 months ago

    Premier Oil keen on bigger slice of Catcher field in North Sea

    Premier Oil is interested in increasing its 50 percent interest in the Catcher North Sea oilfield that produced first oil in December, Chief Executive Tony Durrant told Reuters on Thursday. "We would love to have more of Catcher. It depends on the structure of the sale," Durrant said when asked whether Premier was looking at a 20 percent stake in the field that banking sources said is earmarked for sale by MOL.

  • Reuters - UK Focus2 months ago

    Premier Oil keen on bigger slice of Catcher field in North Sea

    Premier Oil (LSE: PMO.L - news) is interested in increasing its 50 percent interest in the Catcher North Sea oilfield that produced first oil in December, Chief (Taiwan OTC: 3345.TWO - news) Executive Tony Durrant told Reuters on Thursday. Durrant said it would be "very reasonable" to expect net debt to fall to about $2.3 billion by the end of the year, with debt reduction accelerating next year. Shares (Berlin: DI6.BE - news) in Premier Oil were up 3.2 percent at 73.20 pounds by 0908 GMT, outperforming the broader sector's 0.3 percent decline.

  • Reuters - UK Focus2 months ago

    BUZZ-Premier Oil: RBC upgrades following results

    ** Premier Oil +2.2 pct after company announced FY results ** RBC upgrades stock to "outperform" from "sector perform", cites improving outlook and recent share price weakness ** We ...

  • Reuters4 months ago

    Shell sweeps nine of 19 blocks awarded in Mexico oil auction

    Royal Dutch Shell (RDSa.L) snapped up nine of 19 Gulf of Mexico oil and gas blocks awarded in a Mexican auction on Wednesday, as the global oil major ramped up its big bet on Latin America's deep waters. The auction raised an estimated $93 billion in investment for Mexico and was the biggest since the country's energy sector opened to foreign firms in 2014. The stakes were high for Mexican President Enrique Pena Nieto and his struggling party, which wants to showcase the results of its energy liberalisation ahead of a presidential election in July.

  • Reuters - UK Focus4 months ago

    Shell sweeps nine of 19 blocks awarded in Mexico oil auction

    The auction raised an estimated $93 billion in investment for Mexico and was the biggest since the country's energy sector opened to foreign firms in 2014. The stakes were high for Mexican President Enrique Pena Nieto and his struggling party, which wants to showcase the results of its energy liberalization ahead of a presidential election in July. With (Other OTC: WWTH - news) oil prices at a three-year high, conditions were better for this auction than any of the previous eight sales in Mexico since 2015, lending weight to Pena Nieto's argument that opening up the sector would bring the investment needed to turn around a dilapidated state-run oil and gas industry.

  • Reuters4 months ago

    Long wait ends for Big Oil as Mexico auctions prized blocks

    Mexico will on Wednesday offer foreign energy firms the right to drill beneath prized deep waters in the Gulf of Mexico that may contain billions of barrels of oil, the climax of an historic energy reform just five months before a presidential election. The auction of 29 blocks is the biggest since the government of President Enrique Pena Nieto enacted a wide-ranging reform that aimed to attract hundreds of billions of dollars of investment to turn around a state-run oil industry in decline.

  • Reuters - UK Focus4 months ago

    Indonesia picks five winners in 2017 energy tender

    Indonesia's energy ministry announced on Wednesday five winning bids in its 2017 oil and gas block tender, including businesses owned by Premier Oil, KrisEnergy and Perusahaan Gas Negara . Former OPEC ...

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