Faroe Petroleum plc (FPM) Given Consensus Rating of “Buy” by Brokerages
Faroe Petroleum plc (LON:FPM) has been assigned an average recommendation of “Buy” from the six analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 117 ($1.54).
A number of research analysts have recently commented on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 125 ($1.65) price objective on shares of Faroe Petroleum plc in a research report on Wednesday, October 4th. Peel Hunt reaffirmed a “buy” rating and set a GBX 115 ($1.52) price objective on shares of Faroe Petroleum plc in a research report on Monday, October 2nd. Barclays PLC cut their price objective on shares of Faroe Petroleum plc from GBX 115 ($1.52) to GBX 110 ($1.45) and set an “overweight” rating for the company in a research report on Wednesday, September 27th. Finally, Macquarie upped their price objective on shares of Faroe Petroleum plc from GBX 114 ($1.50) to GBX 120 ($1.58) and gave the company an “outperform” rating in a research report on Tuesday, September 12th.
COPYRIGHT VIOLATION WARNING: This news story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/29/faroe-petroleum-plc-fpm-given-consensus-rating-of-buy-by-brokerages.html.
Shares of Faroe Petroleum plc (LON:FPM) traded up 1.26% during mid-day trading on Friday, hitting GBX 100.75. The stock had a trading volume of 1,082,126 shares. Faroe Petroleum plc has a one year low of GBX 70.50 and a one year high of GBX 115.00. The company’s market cap is GBX 369.32 million. The firm’s 50 day moving average price is GBX 97.91 and its 200-day moving average price is GBX 91.34.
In other Faroe Petroleum plc news, insider Helge Hammer bought 389 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were acquired at an average price of GBX 98 ($1.29) per share, with a total value of £381.22 ($503.06).
About Faroe Petroleum plc
Faroe Petroleum plc is an oil and gas company. The Company is focused on exploration, appraisal and production opportunities in Norway and the United Kingdom. Its portfolio consists of approximately 60 exploration, appraisal, development and production licenses in the West of Shetland, the North Sea, Norwegian Sea, Barents Sea and the Celtic Sea.
Receive News & Stock Ratings for Faroe Petroleum plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Faroe Petroleum plc and related stocks with our FREE daily email newsletter.