Faroe Petroleum PLC (LON:FPM): Barclays Capital Maintains “Underweight” Rating Today, Has a Target of GBX 145.00/Share

August 16, 2018 - By Julie Barnes

Faroe Petroleum PLC (LON:FPM) Rating Reaffirmed

Investment analysts at Barclays Capital now has a GBX 145.00 PT on Faroe Petroleum PLC (LON:FPM). Barclays Capital and their recent PT means a potential upside of 5.07 % from the company’s current price. The rating has been shown in a research report on Thursday, 16 August.

Faroe Petroleum plc (LON:FPM) Ratings Coverage

Among 7 analysts covering Faroe Petroleum PLC (LON:FPM), 6 have Buy rating, 1 Sell and 0 Hold. Therefore 86% are positive. Faroe Petroleum PLC has GBX 170 highest and GBX 125 lowest target. GBX 153.86’s average target is 11.49% above currents GBX 138 stock price. Faroe Petroleum PLC had 20 analyst reports since February 23, 2018 according to SRatingsIntel. The stock of Faroe Petroleum plc (LON:FPM) has “Add” rating given on Friday, June 29 by Peel Hunt. Peel Hunt maintained Faroe Petroleum plc (LON:FPM) on Thursday, May 17 with “Add” rating. Peel Hunt maintained the stock with “Buy” rating in Wednesday, August 8 report. Peel Hunt maintained the stock with “Buy” rating in Tuesday, April 10 report. Peel Hunt maintained the stock with “Buy” rating in Friday, February 23 report. The firm has “Buy” rating by Peel Hunt given on Friday, July 13. The stock of Faroe Petroleum plc (LON:FPM) earned “Buy” rating by Jefferies on Tuesday, June 12. Peel Hunt maintained the stock with “Buy” rating in Monday, July 9 report. The firm earned “Buy” rating on Tuesday, March 20 by Peel Hunt. Peel Hunt maintained Faroe Petroleum plc (LON:FPM) on Friday, April 27 with “Buy” rating.

The stock decreased 0.72% or GBX 1 during the last trading session, reaching GBX 138. About 1.05 million shares traded or 15.81% up from the average. Faroe Petroleum plc (LON:FPM) has 0.00% since August 16, 2017 and is . It has underperformed by 12.57% the S&P500.

Faroe Petroleum plc, an independent gas and oil company, engages in the exploration, appraisal, development, and production of gas and oil fields in Northwest Europe. The company has market cap of 514.52 million GBP. It has interests in the Schooner and Ketch gas fields, and the Blane oil field in the United Kingdom; and the Brage, Ringhorne East, Ula, Tambar, Oselvar, and Trym fields in Norway. It currently has negative earnings. As of January 1, 2017, it had proven and probable reserves of 81.3 million barrels of oil equivalent.

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