November 30, 2016 - By Peter Erickson
Cantor Fitzgerald currently has a GBX 100.00 PT on the 272.03M GBP market cap company or 37.46% upside potential. In a report issued to clients and investors on Wednesday, 30 November, Faroe Petroleum PLC (LON:FPM) stock had its Buy Rating reiterated by analysts at Cantor Fitzgerald.
Out of 12 analysts covering Faroe Petroleum (LON:FPM), 8 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 67% are positive. GBX 125 is the highest target while GBX 58 is the lowest. The GBX 98.18 average target is 31.57% above today’s (GBX 74.62) stock price. Faroe Petroleum has been the topic of 71 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Barclays Capital maintained Faroe Petroleum plc (LON:FPM) on Wednesday, July 13 with “Equal Weight” rating. The rating was maintained by Liberum Capital with “Hold” on Friday, January 15. The firm has “Speculative Buy” rating given on Thursday, December 17 by Canaccord Genuity. Barclays Capital maintained it with “Equal Weight” rating and GBX 100 target price in Monday, July 18 report. As per Monday, December 7, the company rating was maintained by Panmure Gordon. The stock of Faroe Petroleum plc (LON:FPM) has “Hold” rating given on Thursday, March 31 by Liberum Capital. Barclays Capital maintained it with “Equal Weight” rating and GBX 75 target price in Wednesday, March 30 report. The firm has “Equal Weight” rating given on Thursday, June 9 by Barclays Capital. The firm earned “Buy” rating on Tuesday, March 29 by Cantor Fitzgerald. The rating was maintained by Cantor Fitzgerald with “Buy” on Tuesday, September 1.
About 196,105 shares traded hands. Faroe Petroleum plc (LON:FPM) has declined 9.81% since April 29, 2016 and is downtrending. It has underperformed by 15.04% the S&P500.
Faroe Petroleum plc is an oil and gas company. The company has a market cap of 272.03 million GBP. The Firm is focused on exploration, appraisal and production opportunities in Norway and the United Kingdom. It currently has negative earnings. The Company’s 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.
Another recent and important Faroe Petroleum plc (LON:FPM) news was published by Uk.Finance.Yahoo.com which published an article titled: “Faroe Petroleum plc (FPM.L)” on March 25, 2014.
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