Faroe Petroleum plc (FPM) Insider Jonathan Cooper Acquires 6,689 Shares of Stock
Faroe Petroleum plc (LON:FPM) insider Jonathan Cooper acquired 6,689 shares of the company’s stock in a transaction dated Wednesday, February 15th. The stock was acquired at an average price of GBX 111 ($1.39) per share, for a total transaction of £7,424.79 ($9,278.67).
Faroe Petroleum plc (LON:FPM) opened at 109.75 on Friday. The company’s 50-day moving average price is GBX 104.94 and its 200-day moving average price is GBX 83.34. The stock’s market cap is GBX 295.23 million. Faroe Petroleum plc has a 1-year low of GBX 57.00 and a 1-year high of GBX 115.00.
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FPM has been the topic of a number of recent analyst reports. Jefferies Group LLC increased their price objective on Faroe Petroleum plc from GBX 100 ($1.25) to GBX 142 ($1.77) and gave the company a “buy” rating in a report on Monday, January 9th. Macquarie upgraded Faroe Petroleum plc to an “outperform” rating and increased their price objective for the company from GBX 111 ($1.39) to GBX 117 ($1.46) in a report on Friday, February 3rd. Peel Hunt reiterated a “buy” rating and issued a GBX 100 ($1.25) price objective on shares of Faroe Petroleum plc in a report on Monday, November 7th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 100 ($1.25) price objective on shares of Faroe Petroleum plc in a report on Monday, December 5th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a GBX 100 ($1.25) price objective on shares of Faroe Petroleum plc in a report on Tuesday, October 25th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of GBX 104.88 ($1.31).
Faroe Petroleum plc 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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