Last 146.00 GBp
Change Today -0.80 / -0.54%
Volume 3.8M
PMO On Other Exchanges
Symbol
Exchange
London
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As of 11:35 AM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

premier oil plc (PMO) Snapshot

Open
146.90 GBp
Previous Close
146.80 GBp
Day High
146.90 GBp
Day Low
141.00 GBp
52 Week High
05/30/14 - 358.60 GBp
52 Week Low
01/14/15 - 124.90 GBp
Market Cap
745.8M
Average Volume 10 Days
5.1M
EPS TTM
0.47 GBp
Shares Outstanding
510.8M
EX-Date
04/16/14
P/E TM
4.8x
Dividend
5.56 GBp
Dividend Yield
3.81%
Current Stock Chart for PREMIER OIL PLC (PMO)

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premier oil plc (PMO) Details

Premier Oil plc, together with its subsidiaries, is engaged in the upstream oil and gas exploration and production activities. The company has various oil and gas interests primarily in the North Sea, South east Asia, Pakistan, and the Falkland Islands. As of December 31, 2013, it had reserves and resources of approximately 800 million barrels of oil equivalent. The company was founded in 1934 and is headquartered in London, the United Kingdom.

807 Employees
Last Reported Date: 04/8/14
Founded in 1934

premier oil plc (PMO) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: 475.0K GBP
Exploration Director, Director and Member of ...
Total Annual Compensation: 431.3K GBP
Director of Falkland Islands Business Unit, E...
Total Annual Compensation: 427.8K GBP
Director of Business Units, Executive Directo...
Total Annual Compensation: 427.8K GBP
Compensation as of Fiscal Year 2013.

premier oil plc (PMO) Key Developments

Premier Oil Plans to Cut Jobs

Oil producer Premier Oil expects to book a $300 million impairment charge due to the plunge in oil prices and plans to cut jobs and investment to rein in costs. Oil companies across the globe are scrambling to deal with a 60% drop in crude prices in seven months, putting them under pressure to find cost savings.

Premier Oil plc Reports Production and Earnings Results for the Year 2014; Provides Production Guidance for the Year 2015

Premier Oil plc reported production and earnings results for the year 2014. For the year, the company achieved record production of 63.6 kboepd compared to 58.2 kboepd a year ago, up 9.3% on 2013 and above the upper end of guidance. Cash spend to 31 December on the Solan project stood at $1.4 billion. Total revenues for 2014 will be in the order of $1.6 billion compared to $1.5 billion a year ago. Capital spending for the full year 2014 was approximately $1 billion (development) and $160 million (exploration, pre-tax). Production in 2015 from company’s existing producing assets, excluding new production from the Solan field, is expected to be around 55 kboepd, reflecting the impact of the sale of the high cost producing Scott area in the UK North Sea and some natural decline in portfolio. There will be an additional contribution to 2015 production from Solan, the extent of which is dependent upon the timing of first oil from the field. Planned development spend for 2015 is anticipated to be 40% lower at around $600 million.

Premier Oil plc Reports Interim Management Statement for the Period 1 January to 31 October 2014; Provides Production and Capital Expenditure Guidance for the Year of 2014; Provides Capital Expenditure Guidance for the Year of 2015

Premier Oil plc reported interim management statement for the period 1 January to 31 October 2014. Year to date production averaged 64.0 kboepd compared to 56.9 kboepd, up 12.6% on prior corresponding period. The group remains on track to deliver full year production at the upper end of its current guidance range of 58-63 kboepd. Capital expenditure for the full-year 2014, excluding the loan to Chrysaor, is expected to be around $1.2 billion, in line with previous guidance. This includes exploration expenditure. While the company is still going through its budget process, it is anticipated that capex will be substantially lower in 2015 reflecting completion of the Solan development and deferral of some discretionary spend.

 

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Industry Analysis

PMO

Industry Average

Valuation PMO Industry Range
Price/Earnings 5.1x
Price/Sales 0.7x
Price/Book 0.5x
Price/Cash Flow 1.8x
TEV/Sales 0.7x
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