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Faroe Petroleum PLC (LON:FPM) stock price target held steady at 100.00GBX, issued a research note today by Peel Hunt

Yesterday Faroe Petroleum PLC (LON:FPM) traded 0.35% higher at 71.88GBX. Faroe Petroleum PLC’s 50-day moving average is 68.26GBX and its 200-day moving average is 69.49GBX. With the last stock price up 3.61% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 25,656 shares of FPM traded hands, down from an average trading volume of 870,843

In a report released on 10/04/2016 Peel Hunt hold steady the stock price target of Faroe Petroleum PLC (LON:FPM) from 100.00GBX to 100.00GBX indicating a possible upside of 0.39%.

Previously on Friday September 30, 2016, Peel Hunt 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%.

Recent Performance Chart

Faroe Petroleum PLC (LON:FPM)

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

In addition to Peel Hunt reporting its stock price target, a total of 13 brokers have issued a research note 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.

Brief Synopsis On 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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