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Jefferies International announced Faroe Petroleum PLC (LON:FPM), boosting its stock price target to 100.00GBX today

In an issued report on 9/16/2016 Jefferies International increased the target price of Faroe Petroleum PLC (LON:FPM) from 0GBX to 100GBX reporting a possible upside of 0.00%.

On Wednesday August 31 2016, Canaccord Genuity released a statement for Faroe Petroleum PLC(LON:FPM) upped the target price at 100.00GBX. At the time, this indicated a possible upside of 0.51%.

Just yesterday Faroe Petroleum PLC (LON:FPM) traded 4.82% higher at 0.00GBX. Faroe Petroleum PLC’s 50-day moving average is 67.63GBX and its 200-day average is 69.14GBX. The last stock close is down 5.62% relative to the 200-day average, compared to the S&P 500 Index which has decreased -0.01% over the same period. 402,201 shares of Faroe Petroleum PLC were exchanged, down from ann avg. trading volume of 773,673.

Performance Graph:

Faroe Petroleum PLC (LON:FPM)

With a market cap of 0.0 GBX, Faroe Petroleum PLC has a price-earnings of 0 with a 52 week low of 42.50GBX and a 52 week high of 82.00GBX.

In addition to Jefferies International reporting it’s stock price target, a total of 13 brokerages have issued a research note on FPM. The consensus target stock price is 98.42GBX with five firms rating the company a strong buy, six firms rating the company a buy, four analyts rating the stock a hold, 0 rating the company to underperform, and lastly 0 firmsrating the company as 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, and 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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