Faroe Petroleum plc Given “Buy” Rating at Oriel Securities Ltd (FPM)
Faroe Petroleum plc (LON:FPM)‘s stock had its “buy” rating reiterated by equities research analysts at Oriel Securities Ltd in a research note issued to investors on Thursday. They currently have a GBX 205 ($3.44) price objective on the stock. Oriel Securities Ltd’s price target points to a potential upside of 96.17% from the stock’s previous close.
A number of other firms have also recently commented on FPM. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Faroe Petroleum plc in a research note on Monday. They now have a GBX 138 ($2.32) price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Faroe Petroleum plc from GBX 180 ($3.02) to GBX 175 ($2.94) in a research note on Wednesday, July 23rd. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 180.20 ($3.02).
Faroe Petroleum plc (LON:FPM) opened at 105.2375 on Thursday. Faroe Petroleum plc has a one year low of GBX 100.548 and a one year high of GBX 151.20. The stock has a 50-day moving average of GBX 116.8 and a 200-day moving average of GBX 122.4.
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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