Barclays Seems to Have Gained Confidence In Faroe Petroleum (LON:FPM), Upgrades Stocks

Faroe Petroleum (LON:FPM) Stock Upgrade

In analysts note sent to clients and investors earlier today, Barclays increased shares of Faroe Petroleum (LON:FPM) to a Equal-weight. Analysts currently have a GBX 185.00 PT on the shares. Barclays’s PT gives a ppossible upside of 17.98 % from the last price of the stock.

Faroe Petroleum plc (LON:FPM) Ratings Coverage

Among 7 analysts covering Faroe Petroleum PLC (LON:FPM), 6 have Buy rating, 1 Sell and 0 Hold. Therefore 86% are positive. Faroe Petroleum PLC has GBX 190 highest and GBX 145 lowest target. GBX 171.86’s average target is 9.88% above currents GBX 156.4 stock price. Faroe Petroleum PLC had 19 analyst reports since June 12, 2018 according to SRatingsIntel. Cantor Fitzgerald maintained Faroe Petroleum plc (LON:FPM) on Monday, August 13 with “Buy” rating. The firm earned “Buy” rating on Tuesday, August 14 by Peel Hunt. The firm earned “Add” rating on Friday, June 29 by Peel Hunt. BMO Capital Markets maintained the stock with “Outperform” rating in Friday, August 17 report. The rating was maintained by Peel Hunt on Monday, November 26 with “Buy”. Jefferies maintained Faroe Petroleum plc (LON:FPM) rating on Tuesday, June 12. Jefferies has “Buy” rating and GBX 170 target. The company was initiated on Monday, July 2 by Liberum Capital. The firm has “Buy” rating given on Wednesday, September 5 by Peel Hunt. Canaccord Genuity maintained Faroe Petroleum plc (LON:FPM) rating on Tuesday, November 27. Canaccord Genuity has “Buy” rating and GBX 190 target. The company was maintained on Wednesday, August 8 by Peel Hunt.

The stock decreased 0.26% or GBX 0.4 during the last trading session, reaching GBX 156.4. About 509,832 shares traded. Faroe Petroleum plc (LON:FPM) has 0.00% since December 6, 2017 and is . It has underperformed by 15.62% the S&P500.

Faroe Petroleum plc, an independent gas and oil company, engages in the exploration, appraisal, development, and production of gas and oil fields in Northwest Europe. The company has market cap of 583.20 million GBP. It has interests in the Schooner and Ketch gas fields, and the Blane oil field in the United Kingdom; and the Brage, Ringhorne East, Ula, Tambar, Oselvar, and Trym fields in Norway. It has a 17.38 P/E ratio. As of January 1, 2017, it had proven and probable reserves of 81.3 million barrels of oil equivalent.

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