Faroe Petroleum’s (FPM) “Outperform” Rating Reiterated at BMO Capital Markets
Faroe Petroleum (LON:FPM)‘s stock had its “outperform” rating reiterated by analysts at BMO Capital Markets in a report released on Monday. They presently have a GBX 125 ($1.73) price target on the oil and gas exploration company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 23.27% from the stock’s current price.
FPM has been the topic of a number of other research reports. Jefferies Group reissued a “buy” rating and set a GBX 125 ($1.73) price target on shares of Faroe Petroleum in a research report on Wednesday, December 20th. Whitman Howard raised Faroe Petroleum to a “buy” rating in a research report on Monday. Barclays reaffirmed an “overweight” rating and set a GBX 115 ($1.59) price objective (up previously from GBX 110 ($1.52)) on shares of Faroe Petroleum in a research report on Monday, January 15th. Finally, Peel Hunt raised their price objective on Faroe Petroleum from GBX 115 ($1.59) to GBX 125 ($1.73) and gave the company a “buy” rating in a research report on Monday, January 8th. One 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 a consensus rating of “Buy” and a consensus price target of GBX 120.83 ($1.67).
Faroe Petroleum (FPM) opened at GBX 101.40 ($1.40) on Monday. Faroe Petroleum has a 12-month low of GBX 74.50 ($1.03) and a 12-month high of GBX 116.80 ($1.61). The stock has a market capitalization of $371.78 and a price-to-earnings ratio of -1,690.00.
About Faroe Petroleum
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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