Premier Oil swings to loss ahead of Chrysaor merger
18th Mar 2021 08:17
(Sharecast News) - Premier Oil reported operating cash flow of $630m (£450.99m) in its full-year results on Thursday, down from $1.08bn year-on-year, as it swung to a loss following some one-off non-cash charges.
Read morePremier Oil gets regulatory approvals for merger with Chrysaor
23rd Feb 2021 09:31
(Sharecast News) - Premier Oil said on Tuesday that all the regulatory conditions relating to its merger with Chrysaor have now been satisfied.
Read moreTuesday broker round-up
24th Nov 2020 13:33
(Sharecast News) - Glencore: Jefferies upgrades to buy with a target price of 250p.
Read morePremier Oil cuts production guidance as Chrysaor merger progresses
12th Nov 2020 10:03
(Sharecast News) - Premier Oil updated the market on its operations and its proposed merger with Chrysaor on Thursday, confirming creditor support for the transaction, but also lowering its production guidance for the full year.
Read moreOil output from US Gulf and Libya's El Sharara recovering
12th Oct 2020 14:04
(Sharecast News) - Crude oil futures slipped lower at the start of the week as production restarted in the US Gulf of Mexico after Hurricane Delta left the region and amid reports that output from Libya was coming back online more quickly than anticipated.
Read morePremier Oil to merge with Chrysaor in reverse takeover deal
6th Oct 2020 10:03
(Sharecast News) - Exploration and production group Premier Oil will merge with private equity-backed firm Chrysaor as part of a nearly $3.0bn reverse takeover deal.
Read moreIEA cuts forecast for global oil demand growth in backhalf 2020
15th Sep 2020 12:38
(Sharecast News) - The International Energy Agency took an axe to its forecasts for global oil demand growth in the backhalf of 2020, even as it warned that the world's thirst for oil had, at 91.7m barrels a day, only recovered to its levels from 2013 due to the pandemic.
Read moreCanaccord Genuity cuts target price on Premier Oil
14th Sep 2020 11:47
(Sharecast News) - Analysts at Canaccord Genuity cut their target price on independent upstream oil and gas company Premier Oil from 55.0p to 20.0p on Monday, stating it had identified some "valuation sensitivities" following its recent restructuring.
Read moreHammerson is most shorted UK company, alongside Metro Bank and Sainsbury's
9th Sep 2020 14:19
(Sharecast News) - Hammerson is the most shorted UK listed company as investors bet against the beleaguered shopping centre operator, research shows.
Read moreBerenberg lowers target price on Premier Oil
24th Aug 2020 11:07
(Sharecast News) - Analysts at Berenberg more than halved their target price on exploration and production firm Premier Oil on Monday, stating that some positive refinancing headlines had been offset by a reduction in net asset value.
Read moreTuesday broker round-up
21st Jul 2020 12:58
(Sharecast News) - Premier Oil: Peel Hunt upgrades to buy with a target price of 50.0p.
Read morePremier Oil producing within guidance as it cuts costs
15th Jul 2020 09:02
(Sharecast News) - Premier Oil reported average production of 67,300 barrels of oil equivalent per day in its first half on Wednesday, reiterating its 2020 guidance for between 65,000 and 70,000 barrels of oil equivalent per day, before any contribution from the proposed acquired BP assets.
Read moreWednesday broker round-up
17th Jun 2020 13:18
(Sharecast News) - Indivior: Jefferies reiterates hold with a target price of 70p.
Read moreCanaccord raises target on Premier Oil but sees shares 'fully valued'
17th Jun 2020 13:12
(Sharecast News) - Analysts at Canaccord Genuity raised their target price for shares of Premier Oil, but kept their recommendation at a 'hold', arguing that they were fully valued.
Read moreDemand for oil to fall at record rate in 2020 - IEA
16th Jun 2020 11:31
(Sharecast News) - Global demand for oil is set to fall at the fastest rate in history this year, a closely-watched industry report has predicted, before rebounding in 2021.
Read more