Peel Hunt reaffirmed their buy rating on shares of Faroe Petroleum plc (LON:FPM) in a research note issued to investors on Monday. Peel Hunt currently has a GBX 115 ($1.53) price objective on the oil and gas exploration company’s stock.

A number of other analysts also recently weighed in on FPM. Macquarie cut their price target on shares of Faroe Petroleum plc from GBX 117 ($1.55) to GBX 110 ($1.46) and set an outperform rating on the stock in a research report on Wednesday, June 21st. Barclays PLC reiterated an overweight rating and issued a GBX 110 ($1.46) price target on shares of Faroe Petroleum plc in a research report on Thursday, June 22nd. Finally, Jefferies Group LLC reissued a buy rating and set a GBX 125 ($1.66) target price on shares of Faroe Petroleum plc in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Faroe Petroleum plc presently has an average rating of Buy and a consensus target price of GBX 117 ($1.55).

Faroe Petroleum plc (LON:FPM) opened at 100.00 on Monday. The stock has a 50 day moving average of GBX 93.06 and a 200 day moving average of GBX 91.02. Faroe Petroleum plc has a 52-week low of GBX 70.50 and a 52-week high of GBX 115.00. The stock’s market capitalization is GBX 364.53 million.

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

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.

Analyst Recommendations for Faroe Petroleum plc (LON:FPM)

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