Faroe Petroleum (FPM) Earns “Outperform” Rating from BMO Capital Markets
BMO Capital Markets reaffirmed their outperform rating on shares of Faroe Petroleum (LON:FPM) in a research report released on Monday. The firm currently has a GBX 125 ($1.73) target price on the oil and gas exploration company’s stock.
A number of other research analysts also recently commented on FPM. Whitman Howard upgraded Faroe Petroleum to a buy rating in a research note on Monday. Barclays restated an overweight rating and set a GBX 115 ($1.59) price objective on shares of Faroe Petroleum in a research note on Wednesday, January 31st. Peel Hunt restated a buy rating and set a GBX 115 ($1.59) price objective on shares of Faroe Petroleum in a research note on Friday, November 10th. Finally, Jefferies Group restated a buy rating and set a GBX 125 ($1.73) price objective on shares of Faroe Petroleum in a research note on Tuesday, November 21st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of GBX 120.83 ($1.67).
Faroe Petroleum (LON:FPM) opened at GBX 101.20 ($1.40) on Monday. The company has a market capitalization of $371.04 and a price-to-earnings ratio of -1,686.67. Faroe Petroleum has a 52 week low of GBX 74.50 ($1.03) and a 52 week high of GBX 116.80 ($1.61).
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Faroe Petroleum Company Profile
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.
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