Graham Stewart Purchases 456 Shares of Faroe Petroleum plc (FPM) Stock
Faroe Petroleum plc (LON:FPM) insider Graham Stewart bought 456 shares of Faroe Petroleum plc stock in a transaction on Wednesday, June 28th. The stock was acquired at an average price of GBX 82 ($1.06) per share, with a total value of £373.92 ($484.35).
Graham Stewart also recently made the following trade(s):
- On Thursday, April 13th, Graham Stewart sold 540,192 shares of Faroe Petroleum plc stock. The shares were sold at an average price of GBX 100 ($1.30), for a total transaction of £540,192 ($699,730.57).
Faroe Petroleum plc (LON:FPM) traded down 1.72% during trading on Wednesday, hitting GBX 85.50. 161,341 shares of the stock were exchanged. Faroe Petroleum plc has a 1-year low of GBX 60.50 and a 1-year high of GBX 115.00. The stock’s market cap is GBX 311.67 million. The firm’s 50 day moving average price is GBX 90.43 and its 200-day moving average price is GBX 97.79.
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A number of research firms have issued reports on FPM. Macquarie reduced their target price on shares of Faroe Petroleum plc from GBX 117 ($1.52) to GBX 110 ($1.42) and set an “outperform” rating for the company in a research note on Wednesday, June 21st. Barclays PLC reiterated an “overweight” rating and issued a GBX 110 ($1.42) target price on shares of Faroe Petroleum plc in a research note on Thursday, June 22nd. GMP Securities reiterated a “hold” rating on shares of Faroe Petroleum plc in a research note on Wednesday, March 15th. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 142 ($1.84) target price on shares of Faroe Petroleum plc in a research note on Wednesday, March 22nd. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 115 ($1.49) price target on shares of Faroe Petroleum plc in a research report on Friday, June 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 112.50 ($1.46).
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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