Insider Buying: Faroe Petroleum plc (FPM) Insider Buys 456 Shares of Stock
Faroe Petroleum plc (LON:FPM) insider Graham Stewart acquired 456 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was purchased at an average price of GBX 82 ($1.04) per share, for a total transaction of £373.92 ($475.60).
Graham Stewart also recently made the following trade(s):
- On Thursday, April 13th, Graham Stewart sold 540,192 shares of Faroe Petroleum plc stock. The shares were sold at an average price of GBX 100 ($1.27), for a total transaction of £540,192 ($687,092.34).
Faroe Petroleum plc (LON:FPM) opened at 87.00 on Monday. The firm’s market cap is GBX 317.14 million. The stock’s 50 day moving average price is GBX 90.43 and its 200 day moving average price is GBX 97.79. Faroe Petroleum plc has a 1-year low of GBX 60.50 and a 1-year high of GBX 115.00.
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A number of research firms recently weighed in on FPM. Peel Hunt lowered their price objective on shares of Faroe Petroleum plc from GBX 120 ($1.53) to GBX 115 ($1.46) and set a “buy” rating on the stock in a research report on Tuesday, March 7th. Barclays PLC lowered their price objective on shares of Faroe Petroleum plc from GBX 115 ($1.46) to GBX 110 ($1.40) and set an “equal weight” rating on the stock in a research report on Tuesday, April 11th. Jefferies Group LLC lowered their price objective on shares of Faroe Petroleum plc from GBX 142 ($1.81) to GBX 125 ($1.59) and set a “buy” rating on the stock in a research report on Wednesday, May 17th. GMP Securities reiterated a “hold” rating on shares of Faroe Petroleum plc in a research report on Wednesday, March 15th. Finally, Macquarie reduced their target price on Faroe Petroleum plc from GBX 117 ($1.49) to GBX 110 ($1.40) and set an “outperform” rating for the company in a report on Wednesday, June 21st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Faroe Petroleum plc currently has a consensus rating of “Buy” and an average target price of GBX 112.50 ($1.43).
Faroe Petroleum plc Company Profile
Faroe Petroleum plc is an oil and gas company. The Company is focused on exploration, appraisal and production opportunities in Norway and the United Kingdom. Its portfolio consists of approximately 60 exploration, appraisal, development and production licenses in the West of Shetland, the North Sea, Norwegian Sea, Barents Sea and the Celtic Sea.
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