Faroe Petroleum plc (FPM) Insider Graham Stewart Buys 520 Shares
Faroe Petroleum plc (LON:FPM) insider Graham Stewart purchased 520 shares of the stock in a transaction dated Friday, September 30th. The stock was purchased at an average cost of GBX 72 ($0.94) per share, for a total transaction of £374.40 ($488.71).
Shares of Faroe Petroleum plc (LON:FPM) traded up 0.70% on Monday, hitting GBX 71.75. 410,652 shares of the stock traded hands. The firm has a 50 day moving average price of GBX 68.26 and a 200 day moving average price of GBX 69.49. Faroe Petroleum plc has a 52-week low of GBX 42.50 and a 52-week high of GBX 82.00. The firm’s market cap is GBX 193.01 million.
A number of equities research analysts have recently issued reports on the stock. Peel Hunt reissued a “buy” rating and issued a GBX 100 ($1.31) price target on shares of Faroe Petroleum plc in a report on Friday. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 100 ($1.31) target price on shares of Faroe Petroleum plc in a research note on Thursday, September 22nd. Jefferies Group reaffirmed a “buy” rating and issued a GBX 100 ($1.31) target price on shares of Faroe Petroleum plc in a research note on Thursday, September 22nd. Royal Bank Of Canada lowered their target price on shares of Faroe Petroleum plc from GBX 120 ($1.57) to GBX 100 ($1.31) and set an “outperform” rating on the stock in a research note on Thursday, August 11th. Finally, Numis Securities Ltd reaffirmed an “under review” rating on shares of Faroe Petroleum plc in a research note on Monday, July 25th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Faroe Petroleum plc has a consensus rating of “Buy” and a consensus target price of GBX 98.33 ($1.28).
About Faroe Petroleum plc
Faroe Petroleum plc is an independent oil and gas company that is engaged in the exploration, appraisal and production opportunities in Norway and the United Kingdom. The Company has a portfolio of production assets, including Aerosmith-PL644, located approximately 20 kilometers from the Morvin and Smorbukk Fields in the province of the Norwegian Sea; Betula-PL670, located in the vicinity of the Jurassic Ula Field in the Central North Sea; Birnam-P1993, located in the north-east of the Perth Field; Caramello-PL665 S, located on the Sorvestlandet High in the Norwegian Southern North Sea; Firklover-PL676 S, located on the Viking Graben; Hyme Field-PL348, located in the southern part of the Norwegian Sea, and Samson Dome-PL534, covering approximately 900 square kilometers.
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