Faroe Petroleum Plc (LON: FPM)‘s stock had its “neutral” rating reiterated by investment analysts at Westhouse Securities in a note issued to investors on Wednesday. They currently have a $2.44 (162 GBX) target price on the stock.

Shares of Faroe Petroleum Plc opened at 146.275 on Wednesday. Faroe Petroleum Plc has a one year low of GBX 123.00 and a one year high of GBX 179.00. The stock’s 50-day moving average is currently GBX 151.0.

FPM has been the subject of a number of other recent research reports. Analysts at Nomura cut their price target on shares of Faroe Petroleum Plc from $3.25 to $3.08 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Faroe Petroleum Plc in a research note to investors on Friday, March 1st. They now have a $2.61 price target on the stock. Finally, analysts at Seymour Pierce reiterated a “buy” rating on shares of Faroe Petroleum Plc in a research note to investors on Thursday, February 28th. They now have a $4.30 price target on the stock.

Faroe Petroleum plc is engaged in the exploration, appraisal, development and production of oil and gas reserves.

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