Canaccord Genuity Reaffirms Speculative Buy Rating for Hurricane Energy (HUR)

Hurricane Energy (LON:HUR)‘s stock had its “speculative buy” rating reiterated by stock analysts at Canaccord Genuity in a report released on Wednesday. They currently have a GBX 85 ($1.17) price target on the stock. Canaccord Genuity’s price objective points to a potential upside of 168.14% from the stock’s previous close.

HUR has been the subject of several other research reports. FinnCap restated a “buy” rating and issued a GBX 80 ($1.11) price objective on shares of Hurricane Energy in a research report on Friday, November 10th. Royal Bank of Canada boosted their price objective on shares of Hurricane Energy from GBX 60 ($0.83) to GBX 70 ($0.97) and gave the stock an “outperform” rating in a research report on Tuesday, December 12th.

Shares of Hurricane Energy (LON:HUR) traded down GBX 1.10 ($0.02) on Wednesday, hitting GBX 31.70 ($0.44). The stock had a trading volume of 8,407,456 shares, compared to its average volume of 8,390,000. Hurricane Energy has a fifty-two week low of GBX 24 ($0.33) and a fifty-two week high of GBX 67.90 ($0.94).

In related news, insider Alistair Stobie acquired 4,632 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was purchased at an average price of GBX 39 ($0.54) per share, for a total transaction of £1,806.48 ($2,495.83).

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Hurricane Energy 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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