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A statement released earlier today by Jefferies International about Faroe Petroleum PLC (LON:FPM) maintains the target price at 100.00GBX

Yesterday Faroe Petroleum PLC (LON:FPM) traded -0.68% lower at 0.00GBX. The company’s 50-day moving average is 68.44GBX and its 200-day moving average is 69.53GBX. The last stock close price is down 5.35% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 493,579 shares of the stock were exchanged, down from an average trading volume of 901,213

Reporting a possible upside of 0%, Jefferies International hold steady the target price of Faroe Petroleum PLC (LON:FPM) at 100.00GBX

Previously on 10/04/2016, Peel Hunt reported about Faroe Petroleum PLC (LON:FPM) held steady the target price at 100.00GBX. At the time, this indicated a possible upside of 0.39%.

See Chart Below

Faroe Petroleum PLC (LON:FPM)

With a total market value of 0 GBX, Faroe Petroleum PLC has with a one year low of 42.50GBX and a one year high of 82.00GBX .

A total of 13 brokers have issued a research note on the company. 5 firms rating the stock a strong buy, six analysts rating the company a buy, four equity analysts rating the company a hold, zero brokerages rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of 98.42GBX.

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.

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