PMO.L - Premier Oil plc

LSE - LSE Delayed Price. Currency in GBp
129.30
+4.60 (+3.69%)
At close: 4:35PM BST
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Previous Close124.70
Open126.20
Bid115.00 x 2221100
Ask130.00 x 472400
Day's Range126.20 - 130.20
52 Week Range61.04 - 135.20
Volume10,157,200
Avg. Volume9,061,971
Market Cap1.054B
Beta2.88
PE Ratio (TTM)N/A
EPS (TTM)-31.10
Earnings DateMar 7, 2018 - Mar 12, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2014-04-16
1y Target Est1.97
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  • Thomson Reuters StreetEvents27 days ago

    Edited Transcript of PMO.L earnings conference call or presentation 23-Aug-18 8:30am GMT

    Half Year 2018 Premier Oil PLC Earnings Call

  • Reuterslast month

    PRESS DIGEST- Financial Times - Aug 24

    The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines UK competition watchdog launches Asda-Sainsbury's merger ...

  • Premier Oil profits surge ahead of North Sea cash deluge
    The Telegraphlast month

    Premier Oil profits surge ahead of North Sea cash deluge

    Premier Oil profits surge ahead of North Sea cash deluge

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

    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. The news came as Premier (PMO.L) reported first-half profit after tax more than doubled to $98.4 million, helped by higher oil prices. First output at the Catcher field marked a milestone for the company last December, leading it to forecast a 10 percent output hike for 2018, with the field's sustainable peak production - or plateau production - pencilled in at 60,000 barrels of oil equivalent per day (boe/d).

  • Rigzone.comlast month

    Industry Body Responds to Tolmount Sanction

    Oil & Gas UK responds to Premier Oil's announcement that the development of its Tolmount Main gas field has been sanctioned by joint venture and infrastructure partners.

  • Who Are The Top Investors In Premier Oil plc (LON:PMO)?
    Simply Wall St.last month

    Who Are The Top Investors In Premier Oil plc (LON:PMO)?

    In this analysis, my focus will be on developing a perspective on Premier Oil plc’s (LON:PMO) latest ownership structure, a less discussed, but important factor. Ownership structure of a companyRead More...

  • Reuterslast month

    Premier Oil approves Tolmount gas project in UK North Sea

    Premier Oil (PMO.L) will press ahead with the development of the Tolmount gas field in Britain's North Sea, which is expected to produce around 500 billion cubic feet (bcf) of gas from late 2020. The approval of Tolmount is the latest in a series of moves by oil and gas companies showing their commitment to the North Sea, traditionally a high-cost environment which is experiencing a revival as costs have fallen. Premier expects to pay $120 million for the development, which includes a minimal facilities platform and a pipeline commissioned from Saipem (SPMI.MI) leading to British energy group Centrica's (CNA.L) Easington terminal.

  • Rigzone.comlast month

    North Sea Tolmount Main Gas Field Gets Green Light

    Premier Oil says the development of its Tolmount Main gas field, located in the southern North Sea, has been sanctioned by joint venture and infrastructure partners.

  • Reuters2 months ago

    Norway oil workers and employers agree deal, strike ends

    Norwegian drilling rigs workers will end their industrial action after the union representing 1,600 striking employees reached a deal with the group acting for their employers, the parties said on Thursday. The strike began on July 10 after the Safe union and the Norwegian Shipowners' Association could not come to an agreement over wages and pension conditions. "The strike is over ... All workers will go back to work today," the lead negotiator for the Safe union told Reuters.

  • Reuters2 months ago

    Not dead yet - Home of Brent crude gets new lease of life

    When ETAP was launched 20 years ago today, some experts predicted the UK sector of the North Sea would cease most production by 2030. From original plans to stop production at ETAP, BP decided to invest $1 billion in 2015. "One has to take stock of the potential going forward and make an intervention that allows for the right investment to extend life," Ariel Flores, BP's North Sea Chief, told Reuters.

  • Dril-Quip Wins Subsea Supply Contract for Offshore Project
    Zacks2 months ago

    Dril-Quip Wins Subsea Supply Contract for Offshore Project

    Per the contract, Dril-Quip (DRQ) will provide 23 subsea production systems to Premier Oil Exploration and Production Limited.

  • Premier Oil’s board clears the way for new North Sea gas project
    The Telegraph2 months ago

    Premier Oil’s board clears the way for new North Sea gas project

    Premier Oil’s board clears the way for new North Sea gas project

  • Reuters2 months ago

    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. "We would aim to continue to participate in the UK North Sea going forward. Oil majors such as BP (BP.L) and Total (TOTF.PA) have also shown renewed interest in investing in North Sea assets in recent months as the oil price has rebounded and energy companies recover after slashing production costs following the oil price slump of 2014.

  • Rigzone.com2 months ago

    Premier Oil's Board Approves UK Offshore Tolmount Project

    Premier Oil confirms that its board has approved the Tolmount gas project.

  • Premier Oil plc (LON:PMO): What Does It Mean For Your Portfolio?
    Simply Wall St.4 months ago

    Premier Oil plc (LON:PMO): What Does It Mean For Your Portfolio?

    If you are looking to invest in Premier Oil plc’s (LSE:PMO), or currently own the stock, then you need to understand its beta in order to understand how it canRead More...

  • Phoenix from the ashes: Investors pile into smaller European oil groups
    Reuters4 months 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.

  • Premier Oil ready to cash in as North Sea project hits full pelt
    The Telegraph4 months 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

  • Reuters4 months 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.

  • Rigzone.com4 months ago

    Premier Oil Says Debt Reduction On Track As Output Grows

    Premier Oil says 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.

  • What Is Premier Oil plc’s (LON:PMO) Share Price Doing?
    Simply Wall St.5 months ago

    What Is Premier Oil plc’s (LON:PMO) Share Price Doing?

    Premier Oil plc (LSE:PMO), an energy company based in United Kingdom, led the LSE gainers with a relatively large price hike in the past couple of weeks. With many analystsRead More...

  • Reuters5 months ago

    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.

  • Reuters5 months ago

    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.