Faroe Petroleum Plc Rating Reiterated by Westhouse Securities (FPM)
Faroe Petroleum Plc (LON:FPM)‘s stock had its “buy” rating reiterated by research analysts at Westhouse Securities in a report released on Monday, AR Network reports. They currently have a GBX 185 ($3.04) price objective on the stock. Westhouse Securities’ target price suggests a potential upside of 68.56% from the company’s current price.
FPM has been the subject of a number of other recent research reports. Analysts at Credit Suisse cut their price target on shares of Faroe Petroleum Plc from GBX 125 ($2.05) to GBX 119 ($1.96) in a research note to investors on Monday, January 27th. They now have an “underperform” rating on the stock. Separately, analysts at Panmure Gordon cut their price target on shares of Faroe Petroleum Plc from GBX 192 ($3.16) to GBX 184 ($3.02) in a research note to investors on Monday, January 27th. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley cut their price target on shares of Faroe Petroleum Plc from GBX 130 ($2.14) to GBX 120 ($1.97) in a research note to investors on Friday, January 24th. They now have an “underweight” rating on the stock. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of GBX 169.06 ($2.78).
Shares of Faroe Petroleum Plc (LON:FPM) remained flat at GBX 109.75 during trading on Monday. The stock had a trading volume of 136,378 shares. Faroe Petroleum Plc has a 1-year low of GBX 99.077 and a 1-year high of GBX 151.49. The stock has a 50-day moving average of GBX 116.7 and a 200-day moving average of GBX 123.1.
Faroe Petroleum plc is engaged in the exploration, appraisal, development and production of oil and gas reserves.
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