Hurricane Energy (LON:HUR)‘s stock had its “buy” rating reissued by research analysts at FinnCap in a report issued on Monday, December 11th. They presently have a GBX 80 ($1.07) price objective on the stock. FinnCap’s target price would suggest a potential upside of 153.97% from the stock’s previous close.
Shares of Hurricane Energy (HUR) traded up GBX 0.50 ($0.01) during mid-day trading on Monday, hitting GBX 31.50 ($0.42). 3,198,249 shares of the company were exchanged, compared to its average volume of 7,020,000. Hurricane Energy has a 52-week low of GBX 24 ($0.32) and a 52-week high of GBX 67.90 ($0.91).
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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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