Premier Oil will be joining the FTSE 250 index, it announced on Thursday.
Exploration and development firm Premier Oil is on track to deliver a "material" reduction in debt this year, thanks to its Catcher project finally reaching the promised 60,000 barrels per day and Brent crude prices hitting their three-year highs.
Premier Oil has been awarded Block 30 in the Sureste Basin and Blocks 11 and 13 in the Burgos Basin, in Mexico's Round 3.1 held in Mexico City on 27 March, it announced on Wednesday.
Ocado Group: Goldman Sachs downgrades to neutral with a target price of 540p.
Premier Oil gushed higher on Thursday as RBC Capital Markets upped its stance on the stock to 'outperform' from 'sector perform' following recent weakness and the company's full-year results, keeping the price target at 100p.
Premier Oil said on Thursday that it achieved its best ever year of production in 2017 as revenue and cash flows rose, although it posted a loss after tax.
Independent exploration and production company Premier Oil exported its first cargo from its Catcher Area development in the North Sea on Tuesday, with a second scheduled for mid-February.
Fever-Tree: Jefferies initiates buy with a target price of 3000p.
Analysts at RBC downgraded their recommendation on shares of Premier Oil from 'outperform' to 'sector perform' after the shares had reached their 100p target price, which was unchanged.
SSP: JP Morgan upgrades to overweight with a target price of 765p.
Exploration and production company Premier Oil saw production increase 5% last year after first oil from its Catcher area field development in the North Sea began on schedule and under budget.
Tullow Oil shares were boosted by an upgrade from Jefferies as analysts hiked their crude oil price forecasts for 2018, though Cairn Energy was downgraded due to its strong performance of late.
Premier Oil has agreed to sell its 30% stake in the Esmond Transportation System pipeline in the North Sea to Cats Management for up to £23.6m.
Randgold Resources: RBC upgrades to Sector Perform with a target price of 6600p.
Analysts at Barclays downgraded their recommendation on shares of Premier Oil, telling clients that the stock's potential now rests on management's ability to de-risk the company's pre-development assets and to confirm the upside for the company's reserves.
ITV: JPMorgan upgrades to Overweight with a target price of 185p.
Premier Oil has agreed to sell its entire 33.8% stake in the Wytch Farm oilfield to Verus Petroleum SNS for a cash consideration of $200m.
Stocks are holding lower after North Korea fired what was being described as an "unidentified missile" over Japan with traders waiting on the response from the international community.
Jefferies took a lathe to its target prices for most oil companies on Tuesday, including downgrading EnQuest and Tullow Oil, but kept a host of 'buy' ratings for growth stories such as Cairn Energy, Faroe Petroleum and newly upgraded Premier Oil.
Analysts at Jefferies upgraded their view on shares of Premier Oil even as they marked down their medium-term Brent oil price deck assumptions.