FinnCap Reaffirms Buy Rating for Hurricane Energy PLC (HUR)
Hurricane Energy PLC (LON:HUR)‘s stock had its “buy” rating reissued by investment analysts at FinnCap in a report issued on Thursday, StockTargetPrices.com reports. They presently have a GBX 80 ($1.04) price objective on the stock. FinnCap’s price target would suggest a potential upside of 164.46% from the company’s current price.
A number of other research analysts have also weighed in on HUR. Macquarie decreased their target price on Hurricane Energy PLC from GBX 89 ($1.15) to GBX 87 ($1.13) and set an “outperform” rating on the stock in a report on Wednesday, June 21st. Canaccord Genuity decreased their target price on Hurricane Energy PLC from GBX 100 ($1.30) to GBX 85 ($1.10) and set a “buy” rating on the stock in a report on Wednesday, May 24th.
Shares of Hurricane Energy PLC (LON HUR) traded down 5.47% during midday trading on Thursday, reaching GBX 30.25. The company’s stock had a trading volume of 4,113,314 shares. The company has a 50-day moving average price of GBX 44.15 and a 200-day moving average price of GBX 50.35. The firm’s market cap is GBX 371.47 million. Hurricane Energy PLC has a 12 month low of GBX 16.50 and a 12 month high of GBX 67.90.
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About Hurricane Energy PLC
Hurricane Energy plc is engaged in the exploration of oil and gas reserves principally on the United Kingdom Continental Shelf. The Company’s acreage is on the United Kingdom Continental Shelf, West of Shetland, on which the Company has approximately two basement reservoir discoveries, each containing approximately 200 million barrels of oil equivalent (MMboe).
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