Today Barclays Maintains a “Overweight” Rating on Faroe Petroleum (LON:FPM) and a GBX 110.00 Target Price

November 22, 2017 - By Michael Collier

Faroe Petroleum (LON:FPM) Rating Reaffirmed

Recently, In a research report sent to clients and investors on Wednesday morning, Faroe Petroleum (LON:FPM) shares have had their “Overweight” Rating reiterated by investment analysts at Barclays, who currently has a GBX 110.00 target price on firm. This target by Barclays indicates the possibile upside of 10.00 % from the close price.

Faroe Petroleum plc (LON:FPM) Ratings Coverage

Among 13 analysts covering Faroe Petroleum (LON:FPM), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Faroe Petroleum has GBX 142 highest and GBX 58 lowest target. GBX 105.27’s average target is 4.49% above currents GBX 100.75 stock price. Faroe Petroleum had 113 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, November 10 the stock rating was maintained by Peel Hunt with “Buy”. The rating was maintained by Beaufort Securities with “Speculative Buy” on Friday, December 18. Peel Hunt maintained it with “Buy” rating and GBX 100 target in Thursday, November 26 report. The firm has “Buy” rating by Peel Hunt given on Tuesday, March 7. The firm has “Equal Weight” rating given on Thursday, January 7 by Barclays Capital. As per Wednesday, February 24, the company rating was maintained by Peel Hunt. Macquarie Research maintained Faroe Petroleum plc (LON:FPM) on Thursday, July 27 with “Outperform” rating. The stock has “Buy” rating by GMP Securities on Wednesday, January 18. The firm earned “Buy” rating on Thursday, August 25 by Peel Hunt. Macquarie Research maintained Faroe Petroleum plc (LON:FPM) rating on Tuesday, September 12. Macquarie Research has “Outperform” rating and GBX 120 target.

About 54,379 shares traded. Faroe Petroleum plc (LON:FPM) has 0.00% since November 22, 2016 and is . It has underperformed by 16.70% the S&P500.

Faroe Petroleum plc is an oil and gas company. The company has market cap of 369.39 million GBP. The Firm is focused on exploration, appraisal and production opportunities in Norway and the United Kingdom. It currently has negative earnings. The Company’s 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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