Share Name Share Symbol Market Type Share ISIN Share Description
Premier Oil LSE:PMO London Ordinary Share GB00B43G0577 ORD 12.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 61.00p 60.75p 61.25p 62.25p 60.25p 62.25p 2,450,114 14:06:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 796.4 -316.3 19.4 3.3 311.60

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Date Time Title Posts
24/4/201713:31Premier - Charts and All27,296.00
15/3/201712:10Premier Oil93.00
20/12/201607:53L2 - Observations, comments and screenshots50.00
16/5/201615:06PREMIER OIL BOILING UP1,163.00
01/1/201604:40Premier Oil 2016 - Analysts Thread2.00

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Premier Oil (PMO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:08:0061.2430,49518,675.43O
13:06:5560.9313,3238,117.72O
13:06:0761.003,3132,020.93AT
13:06:0761.007,5004,575.00AT
13:06:0761.00500305.00AT
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Premier Oil (PMO) Top Chat Posts

DateSubject
24/4/2017
09:20
Premier Oil Daily Update: Premier Oil is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PMO. The last closing price for Premier Oil was 61p.
Premier Oil has a 4 week average price of 60p and a 12 week average price of 52.50p.
The 1 year high share price is 99.50p while the 1 year low share price is currently 48.50p.
There are currently 510,823,666 shares in issue and the average daily traded volume is 4,851,299 shares. The market capitalisation of Premier Oil is £311,602,436.26.
12/4/2017
16:34
marvin9: NEWS: PMO share price falls again for the second day as rumours again surface that Tony Durrant will be re-elected at COE and GIVEN A FAT CAT mega comical pay rise to boot for nothing but failure!
11/4/2017
15:00
marvin9: NEWS: PMO share price fell today due to concerning rumours Tony Durrant will get re-elected as COE
10/3/2017
08:26
anony mous: The oil price and pmo share price are total disconnect at the moment.It's all about the final finance deal being signed and done on the dotted.
25/2/2017
10:42
theelectrolyte: It would be akin to giving away free money. Not many businesses make such a decision... That's why there's a threshold on when companies can re-buy convertible bonds at par value. It limits the gain that the convertible bond holder can make on the equity part of the bond as if the underlying share price rises above the threshold, it makes more sense for the issuer to re-buy the bond. Example - Strike price is £1, PMO can redeem at £1.30. GBP:USD 1.25. Conv. Bond value £196million Share price in 2021 is £2. MCap £1.1bln. PMO can either: i) Give convertible bond holders £392million worth of stock (36% of company) or; ii) Buy back the bonds (worth £392million) for £196million. Either via cash or equity raise. An equity raise, even allowing for a 10% discount to the share price would still be approaching half as dilutive as allowing the convertible bonds to be converted. The higher the share price above the redemption threshold price the more it makes sense to re-buy the bonds, even via equity. Total red herring.
23/2/2017
15:24
marvin9: The thing that is killing the PMO share price is the delay in the finance deal. Is this normal for a company to delay it for so long?
03/2/2017
21:23
gary38: Hurricane Energy and EnQuest among the few 'buys' left in oil sector - MacquarieShare 11:33 03 Feb 2017"Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view.oil platformValuations in the oil sector have caught upIt is harder work picking winners in the oil and gas sector now that crude prices have steadied and share prices have climbed, so says Macquarie.Kate Sloan, analyst at Macquarie, most share prices are close to fair value and as a result many in the sector have been downgraded.Cairn Energy PLC (LON:CNE), Faroe Petroleum plc (LON:FPM), Ithaca Energy Plc (LON:IAE), Premier Oil PLC (LON:PMO) and Tullow Oil plc (LON:TLW) are all relegated to a 'neutral' rating.Three of Macquarie's 'top picks' retain their 'buy' recommendations; Hurricane Energy Plc (LON:HUR), EnQuest Plc (LON:ENQ) and Africa Oil Corp (TSE:AOI).Of the three, Hurricane Energy is deemed to have the clearest value opportunities."Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view."Further exploratory drilling (ongoing) and progress on the Lancaster development could add significant value, building on the success the company enjoyed in 2016."Macquarie has a 90p price target for Hurricane (current price: 51.25p).EnQuest, meanwhile, is Macquarie's pick for further oil price leverage combined with low risk project progression."Although the rest of the sector now reflects a much higher discounted oil price than it did four months ago, EnQuest is still discounting US$63/bbl, the same number it was back in August 2016," Sloan said."We believe the valuation gap will be narrowed in the coming months once the market starts to believe in Kraken delivery."Macquarie has a 79p target price for EnQuest (current price: 46.34p).Sloan added that Africa Oil's has very attractive upside through de-risking the discoveries in Kenya's South Lokichar basin, where it partners Tullow.
21/12/2016
12:25
manics: I quite agree that Tony doesn't care (to a degree) what the share price is. He has said, as have PMO IR, that the current share price doesn't reflect the value of the company -and they're right. No share price reflects the absolute value of a company because it has market sentiment included. It's why huge enterprises such as Barclays or Glaxo might be 'worth' 5% more this week than they were prior, on no news. It's why you get takeovers at premiums or discounts. Sentiment is extracted and you (only then) get the absolute value as a remainder. As long as the company doesn't need to raise new equity (or d-4-e) then the share price doesn't much matter (outside of heat from stakeholders). We PI's of course are impatient and want the share price at £2.00 next week. The BOD have the complete bigger picture, can see the long game and are playing accordingly. The share price movements, the frustration (which I share) and the delays all seem horrendously unfair to us but that's in part down to our own impatience -as I say, me included. We have to accept that if we want to buy shares we'd like to sell at £2 for 70p today, that sentiment now remains in the toilet. If it was all a given today and everyone was pumped on PMO once again, you might sell at £2 right now ;)
19/12/2016
13:09
bakedbean57: Broad split on PMO share price for the % of poo movement... Volume out the traps not maintained today unfortunately
07/12/2016
08:50
gloucester rugby: A Tale of three Companies. With PMO I regularly compare to peer group to see current and future reaction to share price Tullow and Ithaca are two such comparisons. Ithaca has or will have, production around 25% or so of 2017 PMO production ( ie 20 -25 k BoPD Compared to PMO 80-90 BoPD) (When Solan is at plateau capacity) and Tullow has, or will have 25% greater 2017 production ( 90 - 100K BoPD) Debt wise Ithaca has circa $600m reducing , and Tullow $4.2bn , like PMO at $2.8bn looking to reduce from this quarter. OPEX costs for Ithaca in the round are similar or slightly higher than PMO, Tullow at about $5 per barrel cheaper. Taking into account reserves and future drilling campaigns etc... which currently have limited inherent value, why is PMO approximately 20% lower in share price than Ithaca and only 10% or so of the share price of Tullow?. It cannot be the respective debt to EBITDA as the difference is only marginal. It can in my opinion be only one thing and that is the lack of clarity over debt refinancing. Ithaca had significant delays with Stella and cost over runs, Tullow had significant issue with Ten. No I genuinely believe that PMO has been singled out because of fear over the refinancing. It is a binary bet, if we believe the management that Financing is at last only weeks away and at pretty decent terms, then a significant re rating needs to happen for PMO to equalise risk/reward within its peer group. For me the key is that the management will have to hand over exploration control to the creditors. That , with the managements history , is gold dust. Financial discipline and a plan is key. So assuming end of year term sheet tie in. 2017 $50-$55 oil and 2018 $55-$60 . PMO should have net debt down to around $1.9bn and EBITDA of under 3 and a share price of around £3.00. This will equate to approximately 50% of current Tullow Share valuation and 3 x,s Ithaca. So seeing both peer companies at different production levels Ithaca soon circa 20-25k BoPD and Tullow circa imminently 90K-100k BoPD with respective debt levels gives me huge comfort that if the market can value as they are, in the current climate, then PMO should, all things being equal, see a significant re rating post finance tie up. GR
13/10/2016
07:51
fsawatcher: it woz a build but there was a big draw on distils and minor one at cushin that least of pmo worries debt holders gonna like enquest deal and tell pmo that wot they want pmo to raise £100mil at 60p? wot you reckons? i fink you see a deal annouce soon coz pmo share price start fallin on that news
Premier Oil share price data is direct from the London Stock Exchange
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