Premier Oil (OTCMKTS:PMOIY) Trading 8.8% Higher - Time to Buy?

Key Points

• Premier Oil shares surged by 8.8%, reaching a last traded price of $3.09, up from a previous close of $2.84.
• The company's market capitalization stands at $2.86 billion with a P/E ratio of 18.18 and a beta of 2.77.
• Premier Oil engages in the exploration and production of oil and gas in multiple regions, including the Falkland Islands, Indonesia, and Vietnam, with significant proved reserves totaling 175 million barrels of oil equivalent.

Premier Oil plc (OTCMKTS:PMOIY - Get Free Report)'s share price was up 8.8% during mid-day trading on Friday . The company traded as high as $3.10 and last traded at $3.09. Approximately 22,135 shares traded hands during trading, a decline of 21% from the average daily volume of 27,959 shares. The stock had previously closed at $2.84.

Premier Oil Trading Up 0.1%

The firm has a market capitalization of $3.01 billion, a P/E ratio of 19.15 and a beta of 2.77. The company's fifty day simple moving average is $2.71 and its 200 day simple moving average is $2.64.

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.