Faroe Petroleum (LON:FPM)‘s stock had its “buy” rating reissued by research analysts at Peel Hunt in a research report issued to clients and investors on Friday. They currently have a GBX 125 ($1.73) target price on the oil and gas exploration company’s stock. Peel Hunt’s price target indicates a potential upside of 22.55% from the company’s current price.
Several other equities research analysts also recently issued reports on FPM. Barclays reissued an “overweight” rating and issued a GBX 110 ($1.52) price objective on shares of Faroe Petroleum in a research note on Wednesday, November 22nd. Jefferies Group reissued a “buy” rating and issued a GBX 125 ($1.73) price objective on shares of Faroe Petroleum in a research note on Tuesday, November 21st. Whitman Howard raised Faroe Petroleum to a “buy” rating in a research note on Monday, February 12th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a GBX 125 ($1.73) price objective on shares of Faroe Petroleum in a research note on Monday, February 12th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 120.83 ($1.67).
Shares of Faroe Petroleum (LON:FPM) opened at GBX 102 ($1.41) on Friday. The stock has a market capitalization of $373.98 and a PE ratio of -1,700.00. Faroe Petroleum has a one year low of GBX 74.50 ($1.03) and a one year high of GBX 116.80 ($1.61).
In other news, insider Graham Stewart purchased 367 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was bought at an average cost of GBX 102 ($1.41) per share, with a total value of £374.34 ($517.19).
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About Faroe Petroleum
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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