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Faroe Petroleum PLC (LON:FPM) has been reiterated to Overweight in a report by Barclays Capital today.

Showing a price of 0.00GBX, Faroe Petroleum PLC (LON:FPM) traded -0.51% lower on the day. The last stock close price is down 7.87% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time. The company has recorded a 50-day moving average of 88.08GBX and a two hundred day average of 91.08GBX. Trade Volume was down over the average, with 183,276 shares of FPM changing hands under the typical 1,012,700

Barclays Capital has reiterated Faroe Petroleum PLC (LON:FPM) to Overweight in a report released on 6/22/2017. They are also stating a potential upside of 0%.

On 06/21/2017, Macquarie released a statement for Faroe Petroleum PLC (LON:FPM) bumped down the target price from 117.00GBX to 110.00GBX that suggested an upside of 0.26%.

Performance Chart

Faroe Petroleum PLC (LON:FPM)

With a total market value of 0 GBX, Faroe Petroleum PLC has with a one year low of 60.50GBX and a one year high of 115.00GBX .

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

More 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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