Faroe Petroleum plc Stock Rating Reaffirmed by Credit Suisse (FPM)

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Faroe Petroleum plc (LON:FPM)‘s stock had its “underperform” rating restated by equities researchers at Credit Suisse in a research report issued on Monday. They currently have a GBX 129 ($2.19) price target on the stock. Credit Suisse’s price target would indicate a potential upside of 3.98% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Faroe Petroleum plc in a research note on Friday. They now have a GBX 200 ($3.40) price target on the stock. Separately, analysts at FinnCap reiterated a “buy” rating on shares of Faroe Petroleum plc in a research note on Monday, June 2nd. They now have a GBX 210 ($3.56) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Faroe Petroleum plc in a research note on Monday, June 2nd. They now have a GBX 204 ($3.46) price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of GBX 181.33 ($3.08).

Shares of Faroe Petroleum plc (LON:FPM) opened at 124.25 on Monday. Faroe Petroleum plc has a 1-year low of GBX 99.077 and a 1-year high of GBX 154.888. The stock’s 50-day moving average is GBX 138.2 and its 200-day moving average is GBX 122.3.

Faroe Petroleum plc is an independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic Margin, the North Sea and Norway.

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