Hurricane Energy (HUR) Price Target Increased to GBX 75 by Analysts at Canaccord Genuity
Hurricane Energy (LON:HUR) had its price objective hoisted by Canaccord Genuity from GBX 60 ($0.81) to GBX 75 ($1.01) in a report issued on Wednesday. They currently have a speculative buy rating on the stock.
Other equities analysts have also issued research reports about the company. FinnCap reissued a buy rating and set a GBX 80 ($1.08) price objective on shares of Hurricane Energy in a research report on Monday. Royal Bank of Canada raised their price objective on Hurricane Energy from GBX 60 ($0.81) to GBX 70 ($0.94) and gave the company an outperform rating in a research report on Tuesday.
Shares of Hurricane Energy (LON HUR) traded down GBX 1.25 ($0.02) during trading on Wednesday, reaching GBX 29 ($0.39). The company’s stock had a trading volume of 6,450,551 shares, compared to its average volume of 7,300,000. Hurricane Energy has a fifty-two week low of GBX 24 ($0.32) and a fifty-two week high of GBX 67.90 ($0.91).
About Hurricane Energy
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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