A number of research firms have changed their ratings and price targets for Faroe Petroleum plc (LON: FPM):

  • 10/4/2017 – Faroe Petroleum plc had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a GBX 125 ($1.66) price target on the stock.
  • 10/2/2017 – Faroe Petroleum plc had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 115 ($1.53) price target on the stock.
  • 9/27/2017 – Faroe Petroleum plc had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a GBX 125 ($1.66) price target on the stock.
  • 9/27/2017 – Faroe Petroleum plc had its price target lowered by analysts at Barclays PLC from GBX 115 ($1.53) to GBX 110 ($1.46). They now have an “overweight” rating on the stock.
  • 9/26/2017 – Faroe Petroleum plc had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 115 ($1.53) price target on the stock.
  • 9/12/2017 – Faroe Petroleum plc had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 115 ($1.53) price target on the stock.
  • 9/12/2017 – Faroe Petroleum plc had its price target raised by analysts at Macquarie from GBX 114 ($1.51) to GBX 120 ($1.59). They now have an “outperform” rating on the stock.
  • 8/29/2017 – Faroe Petroleum plc had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a GBX 125 ($1.66) price target on the stock.
  • 8/10/2017 – Faroe Petroleum plc had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a GBX 125 ($1.66) price target on the stock.

Faroe Petroleum plc (FPM) traded up 0.25% during midday trading on Thursday, reaching GBX 99.25. The company had a trading volume of 373,003 shares. The firm’s 50-day moving average price is GBX 92.94 and its 200 day moving average price is GBX 91.02. Faroe Petroleum plc has a 12 month low of GBX 70.11 and a 12 month high of GBX 115.00. The firm’s market capitalization is GBX 361.79 million.

In other news, insider Helge Hammer bought 389 shares of Faroe Petroleum plc stock in a transaction on Wednesday, September 27th. The shares were bought at an average price of GBX 98 ($1.30) per share, with a total value of £381.22 ($505.66).

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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