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Faroe Petroleum PLC (LON:FPM) target price held steady at 100.00GBX, issued a report today by Canaccord Genuity

Yesterday Faroe Petroleum PLC (LON:FPM) traded 2.61% higher at 68.50GBX. The company’s 50-day moving average is 67.44GBX and its 200-day moving average is 69.11GBX. The last stock close price is down -0.52% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 546,776 shares of the stock were exchanged, down from an average trading volume of 807,346

Faroe Petroleum PLC (LON:FPM) had its target price hold steady to 100.00GBX by Canaccord Genuity in a report released Thursday September 22, 2016. The new target price indicates a possible upside of 0.46% based on the company's last stock close price.

Previously on 9/21/2016, Jefferies International 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%.

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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 Canaccord Genuity reporting its target price, a total of 13 firms have issued a report on the stock. The consensus target price is 98.42GBX with 5 firms rating the stock a strong buy, 6 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms 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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