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Premier Oil PLC

PMO.L

Latest Trade

86.30GBp

Change

-1.84(-2.09%)

Volume

1,995,901

Today's Range

85.94

 - 

88.10

52 Week Range

54.70

 - 

146.90

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Pricing

Previous Close
88.14
Open
87.50
Volume
1,995,901
3M AVG Volume
203.29
Today's High
88.10
Today's Low
85.94
52 Week High
146.90
52 Week Low
54.70
Shares Out (MIL)
830.18
Market Cap (MIL)
734.47
Forward P/E
10.58
Dividend (Yield %)
--

Next Event

Premier Oil PLC Trading and Operations Update

Latest Developments

More

88 Energy Signs Agreement With Premier Oil PLC

Premier Oil H1 Profit Jumps 23.5% On Record Output

Mubadala Petroleum To Farmout 20% Participating Interest In Andaman I And South Andaman PSCs

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About Premier Oil PLC

Premier Oil plc is an independent exploration and production company with oil and gas interests in the North Sea, South East Asia, the Falkland Islands and Latin America. The Company is engaged in the business of upstream oil and gas exploration and production. The Company's operations are located and managed in six business units: the Falkland Islands, Indonesia (including Mauritania), the United Kingdom, Vietnam and the Rest of the World. In total, the Company manages approximately 760 million barrels of oil equivalent (mmboe). The Company has production rates of over 90 thousand barrels of oil equivalent per day (kboepd). The Company focuses on producing 68 to 73 kboepd. The Company's four-well North Falklands Basin campaign targets multiple stacked fans in PL004 and PL032 using the Eirik Raude rig. The Company owns an interest in over two licenses, such as Natuna Sea Block A and Kakap.

Industry

Oil & Gas Operations

Contact Info

23 Lower Belgrave Street

+44.20.77301111

http://www.premier-oil.com

Executive Leadership

Roy Alexander Franklin

Non-Executive Independent Chairman of the Board

Anthony R. C. Durrant

Chief Executive Officer, Executive Director

Richard A. Rose

Finance Director, Executive Director

Andrew Gibb

Group General Counsel, Interim Company Secretary

Robin A. Allan

Executive Director, Director - North Sea and Exploration

Key Stats

1.93 mean rating - 15 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2016

1.0K

2017

1.1K

2018

1.4K

2019(E)

1.6K
EPS (USD)

2016

0.720

2017

-0.210

2018

0.070

2019(E)

0.103
Price To Earnings (TTM)
7.78
Price To Sales (TTM)
0.56
Price To Book (MRQ)
0.82
Price To Cash Flow (TTM)
1.34
Total Debt To Equity (MRQ)
293.62
LT Debt To Equity (MRQ)
279.06
Return on Investment (TTM)
2.33
Return on Equity (TTM)
2.10

Latest News

Premier Oil shares jump on higher profits, Zama stake disposal

Britain's Premier Oil <PMO.L> reported a 23.5% jump in first-half profit on Thursday powered by record output and said it planned to sell its stake in the offshore Zama field in Mexico to reduce debt.

Premier Oil to upgrade Catcher oilfield reserves again - CEO

Premier Oil <PMO.L> will announce a second reserves upgrade for its Catcher oilfield in the North Sea at the end of the year, Chief Executive Officer Tony Durrant told Reuters on Thursday.

Premier Oil to upgrade Catcher oilfield reserves again -CEO

Premier Oil will announce a second reserves upgrade for its Catcher oilfield in the North Sea at the end of the year, Chief Executive Officer Tony Durrant told Reuters on Thursday.

Premier Oil cuts operating costs forecast, debt reduction on track

Britain's Premier Oil <PMO.L> on Wednesday reduced its forecast for its 2019 operating costs to $12 per barrel of oil equivalent (boe) from $13 and expects debt reduction to reach the upper end of its $250-$350 million target by year-end.

Premier Oil raises resource estimate for Zama field

Britain's Premier Oil Plc on Thursday "significantly" increased its resource estimate for the Zama field offshore Mexico, a month after it raised its total production guidance for 2019.

Premier Oil raises resource estimate for Zama field

Britain's Premier Oil Plc on Thursday "significantly" increased its resource estimate for the Zama field offshore Mexico, a month after it raised its total production guidance for 2019.

Premier Oil raises output guidance for 2019

Britain's Premier Oil increased its 2019 production guidance on Thursday, saying output had been boosted by efficiency measures and a late sale from its now-divested Pakistan oil fields.

Premier Oil raises output guidance to up to 80,000 boed

Britain's Premier Oil increased its production guidance for this year on Thursday to 75,000 to 80,000 barrels of oil equivalent per day (boed) from up to 75,000 boed previously.

Premier Oil swings from loss to 2018 net profit of $133 million

Premier Oil swung to a net profit of $133.4 million in 2018 from a net loss of more than $250 million in the previous year, the British firm said on Thursday, adding it aimed to reduce its debt pile to potentially less than $2 billion by year-end.

Premier Oil swings from loss to 2018 net profit of $133 mln

Premier Oil swung to a net profit of $133.4 million in 2018 from a net loss of more than $250 million in the previous year, the British firm said on Thursday, adding it aimed to reduce its debt pile to potentially less than $2 billion by year-end.

UPDATE 1-Premier Oil's offshore Mexico well shows more potential for oil

Premier Oil's second appraisal well in the Zama project offshore Mexico showed more potential for oil, raising hopes of a huge discovery.

Premier Oil's offshore Mexico well fails to hit oil in Marte prospect

Premier Oil said on Thursday an appraisal well offshore Mexico did not hit oil in a deeper exploration prospect called Marte.

Premier Oil confirms interest in North Sea deals after report on cash call

Britain's Premier Oil Plc said on Monday it was looking to buy UK North Sea assets, after the Sunday Times reported that it was preparing to tap shareholders for cash to help it buy about $1.5 billion worth of oil fields.

Premier Oil cuts more debt than forecast

Britain's Premier Oil <PMO.L> cut debt to $2.3 billion at the end of 2018, below a previous forecast of $2.4 billion, it said in a trading update on Thursday.

Premier Oil sees output at bottom of range, net debt at $2.4 billion

Premier Oil <PMO.L> said on Thursday it expected full-year production to come in at the low end of a previously announced 80,000 to 85,000 barrels per day range.

Premier Oil sees FY output at bottom of range, net debt at $2.4 bln

Premier Oil said on Thursday it expected its full-year production to come in at the low end of a previously announced 80,000 to 85,000 barrels per day range with its closely-watched debt pile to shrink to $2.4 billion by year-end.

CORRECTED-Mexico's next government starts oil contract reviews with Talos-led deal

Mexico's incoming government has begun its promised review of oil contracts, starting with a major project won by a consortium led by U.S.-based Talos Energy, the country's next energy minister said.

Britain's Premier Oil to lift peak output at Catcher field

Premier Oil is set to raise stable peak production at its Catcher field in Britain's North Sea by as much as 17 percent to 70,000 barrels of oil equivalent per day this year, after output reached that level this summer, it said on Thursday.

Britain's Premier Oil net profit doubles to $98.4 mln in H1

Premier Oil's profit after tax more than doubled in the first half of 2018 to $98.4 million helped by higher oil prices, it said on Thursday, reiterating that it expected output to reach 80,000-85,000 barrels of oil equivalent per day this year.

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.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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