Breaking Finance News

A report released today by Peel Hunt about Faroe Petroleum PLC (LON:FPM) keeps the target price at 100.00GBX

In a statement issued on 10/18/2016 Peel Hunt hold steady the target price of Faroe Petroleum PLC (LON:FPM) from 100.00GBX to 100.00GBX stating a potential upside of 0.26%.

On Thursday October 06, 2016, Jefferies International released a statement for Faroe Petroleum PLC (LON:FPM) maintained the target price at 100.00GBX that suggested an upside of 0%.

Displaying a price of 79.13GBX, Faroe Petroleum PLC (LON:FPM) traded 2.93% higher on the day. The last stock close price is up 12.88% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. Faroe Petroleum PLC has recorded a 50-day average of 69.22GBX and a two hundred day average of 69.99GBX. Volume of trade was up over the average, with 1,121,458 shares of FPM changing hands over the typical 815,938

See Chart Below

Faroe Petroleum PLC (LON:FPM)

Faroe Petroleum PLC has a 52 week low of 42.50GBX and a 52 week high of 82.00GBX Faroe Petroleum PLC’s market capitalization is currently 0 GBX.

In addition to Peel Hunt reporting its target price, a total of 13 brokers have issued a report on the stock. The consensus target price is 98.42GBX with 5 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Faroe Petroleum PLC (LON:FPM)

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. Its Aerosmith – PL644/PL644 B is located approximately 20 kilometers from the Morvin and Smorbukk Fields in the prolific Halten Terrace hydrocarbon province of the Norwegian Sea. The Bister Prospect is located in the Norwegian Sea in License PL348 C, which also contains the producing Hyme Field and the Snilehorn discovery, which are adjacent to the producing Njord Field. The Brage Field is located east of Oseberg in the northern part of the North Sea. The Butch Main discovery is situated in approximately 65 meters water depth in the Southern North Sea. The Gullaxy Prospect is situated to the north of the Butch discovery in the Central Graben.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with's FREE daily email newsletter.