Faroe Petroleum plc’s Buy Rating Reaffirmed at Westhouse Securities (FPM)
Faroe Petroleum plc (LON:FPM)‘s stock had its “buy” rating restated by research analysts at Westhouse Securities in a report released on Tuesday. They currently have a GBX 200 ($3.37) price target on the stock. Westhouse Securities’ target price would suggest a potential upside of 44.67% from the stock’s previous close.
A number of other firms have also recently commented on FPM. Analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Faroe Petroleum plc in a research note on Tuesday. They now have a GBX 195 ($3.28) price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Faroe Petroleum plc from GBX 134 ($2.26) to GBX 129 ($2.17) in a research note on Tuesday, May 13th. They now have an “underperform” rating on the stock. Finally, analysts at Panmure Gordon cut their price target on shares of Faroe Petroleum plc from GBX 200 ($3.37) to GBX 194 ($3.27) in a research note on Monday, May 12th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. Faroe Petroleum plc has an average rating of “Buy” and an average price target of GBX 175.67 ($2.96).
Shares of Faroe Petroleum plc (LON:FPM) traded up 0.69% on Tuesday, hitting GBX 139.1993. The stock had a trading volume of 503,235 shares. Faroe Petroleum plc has a one year low of GBX 99.077 and a one year high of GBX 154.888. The stock has a 50-day moving average of GBX 139.1 and a 200-day moving average of GBX 122.1.
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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