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A statement released earlier today by Macquarie about Faroe Petroleum PLC (LON:FPM) bumps down the target price to 110.00GBX

Yesterday Faroe Petroleum PLC (LON:FPM) traded 1.30% higher at 87.38GBX. The company’s 50-day moving average is 88.91GBX and its 200-day moving average is 91.16GBX. The last closing price is down 6.95% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 326,615 shares of the stock traded hands, down from an average trading volume of 1,001,110

Macquarie bumped down the target of Faroe Petroleum PLC (LON:FPM) to 110.00GBX stating a potential upside of 0.26%.

Previously on 6/13/2017, Cantor Fitzgerald reported on Faroe Petroleum PLC (LON:FPM) held steady the target price at 100.00GBX. At the time, this indicated a possible upside of 0.16%.

See Chart Below

Faroe Petroleum PLC (LON:FPM)

Faroe Petroleum PLC has a with a one year low of 64.00GBX and a one year high of 115.00GBX FPM’s total market value is presently 0 GBX.

A total of 13 equity analysts have released a ratings update on FPM. Five equity analysts rating the company a strong buy, six equity analysts rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of 98.42GBX.

Brief Synopsis 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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