Faroe Petroleum plc Stock Rating Reaffirmed by Oriel Securities Ltd (FPM)
Faroe Petroleum plc (LON:FPM)‘s stock had its “buy” rating restated by Oriel Securities Ltd in a research note issued on Thursday. They currently have a GBX 200 ($3.40) target price on the stock. Oriel Securities Ltd’s price target indicates a potential upside of 58.93% from the stock’s previous close.
Faroe Petroleum plc (LON:FPM) opened at 125.50 on Thursday. Faroe Petroleum plc has a 52 week low of GBX 99.077 and a 52 week high of GBX 154.888. The stock has a 50-day moving average of GBX 137.0 and a 200-day moving average of GBX 122.3.
A number of other firms have also recently commented on FPM. Analysts at Canaccord Genuity cut their price target on shares of Faroe Petroleum plc from GBX 195 ($3.31) to GBX 180 ($3.06) in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Faroe Petroleum plc in a research note on Monday. They now have a GBX 129 ($2.19) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “buy” rating on shares of Faroe Petroleum plc in a research note on Friday, June 13th. They now have a GBX 200 ($3.40) price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company’s stock. Faroe Petroleum plc presently has a consensus rating of “Buy” and a consensus price target of GBX 181.56 ($3.08).
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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