Fieldpoint Petroleum Co. (NYSEMKT:FPP) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Fieldpoint Petroleum (NYSEMKT:FPP) traded up 3.1563% during mid-day trading on Monday, hitting $0.3301. The stock had a trading volume of 15,015 shares. Fieldpoint Petroleum has a 12-month low of $0.26 and a 12-month high of $0.91. The stock has a 50-day moving average price of $0.34 and a 200 day moving average price of $0.35. The firm has a market cap of $3.52 million, a P/E ratio of 10.3156 and a beta of 1.79.

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About Fieldpoint Petroleum

FieldPoint Petroleum Corporation is engaged in the acquisition, operation and development of oil and natural gas properties, which are located in Louisiana, New Mexico, Oklahoma, South Central Texas and Wyoming. The Company’s principal oil and natural gas properties include Block A-49, Spraberry Trend, Giddings Field and Serbin Field in Texas; Flying M Field, Sulimar Field, North Bilbrey Field, Lusk Field and Loving North Morrow Field in New Mexico; Apache Field, Chickasha Field and West Allen Field in Oklahoma; Longwood Field in Louisiana, and Big Muddy Field in Wyoming.

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