Discussion stirs around Faroe Petroleum plc (LON:FPM) this week; here is what analysts are saying.

July 27, 2018 - By Billy Entrekin

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 had 19 analyst reports since January 31, 2018 according to SRatingsIntel. The rating was maintained by Peel Hunt with “Add” on Tuesday, June 5. Peel Hunt maintained it with “Buy” rating and GBX 125 target in Friday, February 23 report. The firm has “Buy” rating by Peel Hunt given on Tuesday, April 10. The firm has “Add” rating by Peel Hunt given on Thursday, May 17. On Tuesday, May 8 the stock rating was downgraded by Peel Hunt to “Add”. Peel Hunt maintained the shares of FPM in report on Tuesday, March 20 with “Buy” rating. On Friday, April 27 the stock rating was maintained by Peel Hunt with “Buy”. The stock of Faroe Petroleum plc (LON:FPM) has “Add” rating given on Monday, July 2 by Liberum Capital. The rating was upgraded by Whitman Howard on Monday, February 12 to “Buy”. The firm earned “Buy” rating on Friday, July 13 by Peel Hunt. Below is a list of Faroe Petroleum plc (LON:FPM) latest ratings and price target changes.

13/07/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 174.00 Maintain
09/07/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 174.00 Maintain
02/07/2018 Broker: Liberum Capital Rating: Add Old Target: GBX 157.00 New Target: GBX 157.00 Initiate
02/07/2018 Broker: Peel Hunt Rating: Add Old Target: GBX 157.00 Maintain
29/06/2018 Broker: Peel Hunt Rating: Add Old Target: GBX 157.00 Maintain
12/06/2018 Broker: Jefferies Rating: Buy Old Target: GBX 125.00 New Target: GBX 170.00 Maintain
05/06/2018 Broker: Peel Hunt Rating: Add Old Target: GBX 157.00 Maintain
21/05/2018 Broker: Peel Hunt Rating: Add Old Target: GBX 157.00 Maintain
17/05/2018 Broker: Peel Hunt Rating: Add Old Target: GBX 143.00 Maintain
08/05/2018 Broker: Peel Hunt Rating: Add Old Target: GBX 125.00 New Target: GBX 143.00 Downgrade

It closed at GBX 145.4 lastly. It is down 0.00% since July 27, 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 542.11 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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