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

Yesterday Faroe Petroleum PLC (LON:FPM) traded -1.04% lower at 0.00GBX. The company’s 50-day moving average is 68.14GBX and its 200-day moving average is 69.35GBX. The last closing price is down 2.73% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 415,323 shares of the stock traded hands, down from an average trading volume of 857,302

Peel Hunt hold steady the price target of Faroe Petroleum PLC (LON:FPM) at 100.00GBX indicating a possible upside of 0%.

Previously on 09/22/2016, Canaccord Genuity reported on Faroe Petroleum PLC (LON:FPM) held steady the target price at 100.00GBX. At the time, this indicated a possible upside of 0.46%.

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 The company’s market cap is currently 0 GBX.

In addition to Peel Hunt reporting its stock price target, a total of 13 brokers have issued a report on the company. The average stock price target 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.

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