Hurricane Energy PLC (HUR) PT Raised to GBX 68
Hurricane Energy PLC (LON:HUR) had its price target hoisted by Macquarie from GBX 61 ($0.76) to GBX 68 ($0.84) in a research note issued on Thursday. The firm presently has an “outperform” rating on the stock. Macquarie’s target price would suggest a potential upside of 87.59% from the company’s previous close.
Separately, FinnCap reaffirmed a “buy” rating and issued a GBX 66 ($0.82) price objective (up previously from GBX 50 ($0.62)) on shares of Hurricane Energy PLC in a report on Thursday, September 22nd.
Shares of Hurricane Energy PLC (LON:HUR) opened at 36.7207 on Thursday. The stock’s market capitalization is GBX 268.27 million. Hurricane Energy PLC has a 52-week low of GBX 8.85 and a 52-week high of GBX 44.48. The company has a 50-day moving average of GBX 38.68 and a 200-day moving average of GBX 25.36.
In related news, insider John van der Welle bought 4,159 shares of the business’s stock in a transaction dated Tuesday, November 8th. The stock was acquired at an average price of GBX 34 ($0.42) per share, with a total value of £1,414.06 ($1,751.59).
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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