Hurricane Energy PLC (HUR) Given Buy Rating at FinnCap
Hurricane Energy PLC (LON:HUR)‘s stock had its “buy” rating reaffirmed by equities research analysts at FinnCap in a report issued on Thursday. They currently have a GBX 80 ($1.03) target price on the stock. FinnCap’s price objective indicates a potential upside of 183.19% from the company’s current price.
Several other analysts have also recently issued reports on the company. Macquarie cut their price objective on Hurricane Energy PLC from GBX 87 ($1.12) to GBX 73 ($0.94) and set an “outperform” rating on the stock in a research note on Thursday, July 6th. Canaccord Genuity cut their price objective on Hurricane Energy PLC from GBX 100 ($1.29) to GBX 85 ($1.10) and set a “buy” rating on the stock in a research note on Wednesday, May 24th.
Hurricane Energy PLC (LON HUR) traded up 2.73% on Thursday, reaching GBX 28.25. The company’s stock had a trading volume of 3,243,550 shares. The firm’s 50 day moving average price is GBX 28.82 and its 200-day moving average price is GBX 42.62. The company’s market capitalization is GBX 339.33 million. Hurricane Energy PLC has a 52 week low of GBX 26.25 and a 52 week high of GBX 67.90.
Hurricane Energy PLC Company Profile
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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