Insider Buying: Faroe Petroleum plc (FPM) Insider Buys 367 Shares of Stock

Faroe Petroleum plc (LON:FPM) insider Graham Stewart bought 367 shares of Faroe Petroleum stock in a transaction on Wednesday, January 3rd. The stock was purchased at an average price of GBX 102 ($1.36) per share, with a total value of £374.34 ($500.52).

Faroe Petroleum plc (LON:FPM) opened at GBX 103.80 ($1.39) on Thursday. Faroe Petroleum plc has a fifty-two week low of GBX 74.50 ($1.00) and a fifty-two week high of GBX 115 ($1.54). The stock has a market cap of $380.58 and a PE ratio of -1,730.00.

A number of equities analysts have commented on FPM shares. Barclays reiterated an “overweight” rating and issued a GBX 110 ($1.47) target price on shares of Faroe Petroleum in a report on Wednesday, November 22nd. Peel Hunt reiterated a “buy” rating and issued a GBX 115 ($1.54) target price on shares of Faroe Petroleum in a report on Tuesday, September 12th. Jefferies Group reiterated a “buy” rating and issued a GBX 125 ($1.67) target price on shares of Faroe Petroleum in a report on Wednesday, October 4th. Finally, Macquarie boosted their target price on shares of Faroe Petroleum from GBX 114 ($1.52) to GBX 120 ($1.60) and gave the stock an “outperform” rating in a report on Tuesday, September 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 117 ($1.56).

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Faroe Petroleum 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.

Insider Buying and Selling by Quarter for Faroe Petroleum (LON:FPM)

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