Faroe Petroleum plc (FPM) to Release Quarterly Earnings on Monday
Faroe Petroleum plc (LON:FPM) will issue its Q1 2017 quarterly earnings data before the market opens on Monday, September 18th.
Shares of Faroe Petroleum plc (FPM) opened at 97.00 on Monday. The stock’s 50 day moving average is GBX 86.32 and its 200 day moving average is GBX 91.46. Faroe Petroleum plc has a 52-week low of GBX 60.50 and a 52-week high of GBX 115.00. The company’s market capitalization is GBX 353.59 million.
In other news, insider Graham Stewart bought 456 shares of the firm’s stock in a transaction on Wednesday, June 28th. The stock was acquired at an average cost of GBX 82 ($1.06) per share, with a total value of £373.92 ($482.91).
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A number of research analysts recently issued reports on FPM shares. Peel Hunt lowered their price target on shares of Faroe Petroleum plc from GBX 115 ($1.49) to GBX 110 ($1.42) and set a “buy” rating for the company in a research report on Friday, July 21st. Macquarie reissued an “outperform” rating and set a GBX 114 ($1.47) price target on shares of Faroe Petroleum plc in a research report on Thursday, July 27th. Jefferies Group LLC reissued a “buy” rating and set a GBX 125 ($1.61) price target on shares of Faroe Petroleum plc in a research report on Thursday, August 10th. Finally, Barclays PLC raised shares of Faroe Petroleum plc to an “overweight” rating and lifted their price target for the company from GBX 110 ($1.42) to GBX 115 ($1.49) in a research report on Monday, July 31st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 116.80 ($1.51).
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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