Faroe Petroleum plc (FPM) Earns “Overweight” Rating from Barclays PLC
Barclays PLC reaffirmed their overweight rating on shares of Faroe Petroleum plc (LON:FPM) in a research note published on Wednesday morning, MarketBeat reports. They currently have a GBX 110 ($1.45) price target on the oil and gas exploration company’s stock.
A number of other analysts also recently commented on FPM. Jefferies Group LLC reissued a buy rating and issued a GBX 125 ($1.64) price objective on shares of Faroe Petroleum plc in a research note on Thursday, August 10th. Macquarie boosted their price objective on Faroe Petroleum plc from GBX 114 ($1.50) to GBX 120 ($1.58) and gave the stock an outperform rating in a research note on Tuesday, September 12th. Finally, Peel Hunt reissued a buy rating and issued a GBX 115 ($1.51) price objective on shares of Faroe Petroleum plc in a research note on Friday, November 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Faroe Petroleum plc presently has a consensus rating of Buy and a consensus target price of GBX 117 ($1.54).
Shares of Faroe Petroleum plc (LON FPM) opened at GBX 100.50 ($1.32) on Wednesday. Faroe Petroleum plc has a 12 month low of GBX 70.50 ($0.93) and a 12 month high of GBX 115 ($1.51).
Faroe Petroleum plc Company Profile
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.
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