Fieldpoint Petroleum Co. (NYSEMKT:FPP) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

Fieldpoint Petroleum (FPP) traded up 9.3192% during mid-day trading on Friday, hitting $0.3613. 79,656 shares of the stock traded hands. Fieldpoint Petroleum has a 52 week low of $0.26 and a 52 week high of $1.00. The firm’s market cap is $3.85 million. The firm’s 50-day moving average price is $0.34 and its 200-day moving average price is $0.53.

Fieldpoint Petroleum (NYSEMKT:FPP) last issued its quarterly earnings results on Monday, May 15th. The energy company reported ($0.04) earnings per share for the quarter. The firm had revenue of $0.84 million for the quarter.

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Fieldpoint Petroleum Company Profile

FieldPoint Petroleum Corporation is engaged in the acquisition, operation and development of oil and natural gas properties, which are located in Louisiana, New Mexico, Oklahoma, South Central Texas and Wyoming. The Company’s principal oil and natural gas properties include Block A-49, Spraberry Trend, Giddings Field and Serbin Field in Texas; Flying M Field, Sulimar Field, North Bilbrey Field, Lusk Field and Loving North Morrow Field in New Mexico; Apache Field, Chickasha Field and West Allen Field in Oklahoma; Longwood Field in Louisiana, and Big Muddy Field in Wyoming.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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