Faroe Petroleum plc Given “Underperform” Rating at Credit Suisse (FPM)
Faroe Petroleum plc (LON:FPM)‘s stock had its “underperform” rating reiterated by equities researchers at Credit Suisse in a research report issued on Monday, AnalystRatings.Net reports. They currently have a GBX 126 ($2.09) price objective on the stock. Credit Suisse’s price target would indicate a potential upside of 2.41% from the company’s current price.
FPM has been the subject of a number of other recent research reports. Analysts at HSBC reiterated an “overweight” rating on shares of Faroe Petroleum plc in a research note on Tuesday, April 1st. They now have a GBX 201 ($3.33) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Faroe Petroleum plc in a research note on Monday, March 31st. They now have a GBX 157 ($2.60) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Faroe Petroleum plc in a research note on Tuesday, March 25th. They now have a GBX 165 ($2.74) price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. Faroe Petroleum plc has a consensus rating of “Buy” and a consensus price target of GBX 170.80 ($2.83).
Shares of Faroe Petroleum plc (LON:FPM) traded up 1.58% during mid-day trading on Monday, hitting GBX 126.9691. The stock had a trading volume of 418,171 shares. Faroe Petroleum plc has a 52 week low of GBX 99.077 and a 52 week high of GBX 139.50. The stock’s 50-day moving average is GBX 111.9 and its 200-day moving average is GBX 119.3.
Faroe Petroleum plc is an independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic Margin, the North Sea and Norway.
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