How to buy Premier Oil shares | 22.37p

Own Premier Oil shares in just a few minutes. Share price changes are updated daily.

Fact checked

Premier Oil plc (PMO) is a leading oil & gas e&p business based in the UK. It opened the day at 21.95p after a previous close of 22p. During the day the price has varied from a low of 21.54p to a high of 22.37p. The latest price was 22.37p (25 minute delay). Premier Oil is listed on the London Stock Exchange (LSE) and employs 770 staff. All prices are listed in pence sterling.

How to buy shares in Premier Oil

  1. Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: PMO in this case.
  5. Research Premier Oil shares. The platform should provide the latest information available.
  6. Buy your Premier Oil shares. It's that simple.
The whole process can take as little as 15 minutes.

How has Coronavirus impacted Premier Oil's share price?

Since the stock market crash in March caused by coronavirus, Premier Oil's share price has had significant negative movement.

Its last market close was 14.305p, which is 86.06% down on its pre-crash value of 102.65p and 42.84% up on the lowest point reached during the March crash when the shares fell as low as 10.015p.

If you had bought £1,000 worth of Premier Oil shares at the start of February 2020, those shares would have been worth £161.94 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth £145.97.

Premier Oil share price

Use our graph to track the performance of PMO stocks over time.

Premier Oil shares at a glance

Information last updated 2020-12-18.
Open21.95p
High22.37p
Low21.54p
Close22.37p
Previous close22p
Change 0.37p
Change % 1.682%
Volume 8,685,912
Information last updated 2020-12-26.
52-week range10.77p - 120.7p
50-day moving average 20.3537p
200-day moving average 26.7605p
Wall St. target price1.84p
PE ratio 3.1868
Dividend yield N/A (0%)
Earnings per share (TTM) 18.2p
Promoted
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Invest in Premier Oil shares with 0% commission

Other fees may apply. Your capital is at risk.

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Share dealing platform comparison

Table: sorted by promoted deals first
Data indicated here is updated regularly
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
£2.95
£2.95
Zero platform fee
Your first 100 trades are free with Fineco, T&Cs apply.
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. Capital at risk.
eToro Free Stocks
0% commission, no markup, no ticket fee, no management fee
N/A
Withdrawal fee & GDP to USD deposit conversion
Capital at risk. 0% commission but other fees may apply.
IG
0% commission on US shares, and £3 on UK shares
From £5
£0 - £24 per quarter
IG is good for experienced traders, and offers learning resources for beginners, all with wide access to shares, ETFs and funds. Capital at risk.
Hargreaves Lansdown Fund and Share Account
£11.95
£5.95
No fees
Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. Capital at risk.
Degiro Share Dealing
£1.75 + 0.022% (max £5.00)
£1.75 + 0.022% (max £5.00)
Portfolio transfer fees (in & out)
Degiro is widely seen as one of the best low-cost share brokers, for people who are looking to trade regularly. Capital at risk.
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Compare up to 4 providers

Data indicated here is updated regularly
Name Product Minimum deposit Maximum annual fee Price per trade Brand description
Interactive Investor stocks and shares ISA
Any lump sum or £25 a month
£119.88
£7.99
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
Hargreaves Lansdown stocks and shares ISA
£100
0.45%
£11.95
Hargreaves Lansdown is the UK's biggest wealth manager. It's got everything you'll need, from beginners to experienced investors. Capital at risk.
Nutmeg stocks and shares ISA
£100
0.75%
£0
Nutmeg offers three types of portfolios. Choose the one that goes with your investment style. Capital at risk.
Moneyfarm stocks and shares ISA
£1500
0.75%
£0
Capital at risk.
Saxo Markets stocks and shares ISA
No minimum deposit requirement
0.12%
£8.00
Saxo Markets offers a wide access to a range of stocks, ETFs and funds. Capital at risk.
AJ Bell stocks and shares ISA
£500
0.25%
£9.95
AJ Bell is a good all-rounder for people who to choose between shares, funds, ISAs and pensions. Capital at risk.
Fidelity stocks and shares ISA
£1000 or a regular savings plan from £50
0.35%
£10.00
Fidelity is another good all-rounder, offering a good package at a decent price. Not suited for trading shares. Capital at risk.
Legal & General stocks and shares ISA
Legal & General stocks and shares ISA
£100 or £20 a month
0.61%
N/A
Legal & General is a big financial services company which offers insurance, lifetime mortgage, pensions and stocks and shares ISAs. Capital at risk.
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Compare up to 4 providers

Data indicated here is updated regularly
Name Product Minimum investment Choose from Annual fee Brand description
Interactive Investor Pension
Any lump sum or £25 a month
Over 3,000 funds
£10/month
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Moneyfarm Pension
£1,500 (initial investment)
7 funds
0.35%-0.75%
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. Capital at risk.
AJ Bell Pension
£1,000
Over 2,000 funds
0.05-0.25%
AJ Bell has two different pension options, a self managed pension and one that is managed for you. Capital at risk.
PensionBee Pension
No minimum
7 funds
0.5% - 0.95%
Pension Bee is a newbie in the pension market. It helps consolidate your pension plans into one place. Capital at risk.
Hargreaves Lansdown Pension
£100 or £25 a month
2,500 funds
0-0.45%
Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
£10
Over 11,000 funds
No annual fee
Saxo Markets gives flexibility and control over your investment strategy. Capital at risk.
Penfold
Penfold
No minimum
4 portfolios
0.75-0.88%
Moneybox Pension
£1
3 funds
0.15% - 0.45% charged monthly
Manage your money with an easy-to-use Moneybox app. Capital at risk.
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Compare up to 4 providers

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

Is it a good time to buy Premier Oil stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Premier Oil price performance over time

Historical closes compared with the last close of 22.37p

1 week (2021-01-08) 4.58%
1 month (2020-12-17) 1.68%
3 months (2020-10-16) 56.38%
6 months (2020-07-17) -46.38%
1 year (2020-01-17) -80.86%
2 years (2019-01-17) -68.00%
3 years (2018-01-17) -76.39%

Is Premier Oil under- or over-valued?

Valuing Premier Oil stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Premier Oil's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Premier Oil's P/E ratio

Premier Oil's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 3x. In other words, Premier Oil shares trade at around 3x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the FTSE 250 at the end of September 2019 (19.71). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

However, Premier Oil's P/E ratio is best considered in relation to those of others within the oil & gas e&p industry or those of similar companies.

Premier Oil's EBITDA

Premier Oil's EBITDA (earnings before interest, taxes, depreciation and amortisation) is £533.5 million.

The EBITDA is a measure of a Premier Oil's overall financial performance and is widely used to measure a its profitability.

To put Premier Oil's EBITDA into context you can compare it against that of similar companies.

Premier Oil financials

Revenue TTM £1.2 billion
Gross profit TTM £1.4 billion
Return on assets TTM -1.3%
Return on equity TTM -78.6%
Profit margin -50.47%
Book value 0.576p
Market capitalisation £188.8 million

TTM: trailing 12 months

Premier Oil share dividends

We're not expecting Premier Oil to pay a dividend over the next 12 months. However, you can browse other dividend-paying shares in our guide.

You may also wish to consider:

Have Premier Oil's shares ever split?

Premier Oil's shares were split on a 4:1 basis on 23 May 2011. So if you had owned 1 share the day before before the split, the next day you'd have owned 4 shares. This wouldn't directly have changed the overall worth of your Premier Oil shares – just the quantity. However, indirectly, the new 75% lower share price could have impacted the market appetite for Premier Oil shares which in turn could have impacted Premier Oil's share price.

Premier Oil share price volatility

Over the last 12 months, Premier Oil's shares have ranged in value from as little as 10.77p up to 120.7p. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (LSE average) beta is 1, while Premier Oil's is 3.7442. This would suggest that Premier Oil's shares are significantly more volatile than the average for this exchange and represent a higher risk.

To put Premier Oil's beta into context you can compare it against those of similar companies.

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Premier Oil overview

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. Premier Oil plc was founded in 1934 and is headquartered in London, the United Kingdom.

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