Liberum Capital began coverage on shares of Faroe Petroleum Plc (LON: FPM) in a research note issued to investors on Thursday. The firm issued a buy rating and a $2.99 (198 GBX) target price on the stock.

A number of other firms have also recently commented on FPM. Analysts at HSBC initiated coverage on shares of Faroe Petroleum Plc in a research note to investors on Thursday. They set an overweight rating and a $3.02 price target on the stock.

Faroe Petroleum Plc (LON: FPM) opened at 145.00 on Thursday. Faroe Petroleum Plc has a 52-week low of GBX 123.00 and a 52-week high of GBX 179.00. The stock’s 50-day moving average is currently GBX 151.0.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.