Premier Oil (OTCMKTS:PMOIY) Stock Price Up 5.3% - What's Next?

Key Points

• Premier Oil's stock price rose by 5.3%, reaching as high as $3.14 before closing at $3.08 during mid-day trading on Wednesday.
• The company has a market capitalization of $2.85 billion and a P/E ratio of 18.12, indicating strong financial performance.
• Premier Oil plc is engaged in oil and gas exploration and production across several regions, including the Falkland Islands and Indonesia, with 175 million barrels of proved and probable reserves as of December 31, 2019.

Premier Oil plc (OTCMKTS:PMOIY - ) traded up 5.3% during mid-day trading on Wednesday . The stock traded as high as $3.14 and last traded at $3.08. 11,400 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 27,959 shares. The stock had previously closed at $2.93.

Premier Oil Stock Up 5.3%

The stock has a market cap of $2.85 billion, a P/E ratio of 18.12 and a beta of 2.77. The company's 50 day moving average price is $3.07 and its 200-day moving average price is $2.70.

Premier Oil Company Profile

Premier Oil plc, an oil and gas company, engages in the exploration, production, and development of oil and gas properties in the Falkland Islands, Indonesia, Vietnam, the United Kingdom, and internationally. As of December 31, 2019, its proved and probable reserves (2P) were 175 million barrels of oil equivalent (mmboe); and 2P and estimated contingent resources were 847 mmboe.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.