Hurricane Energy PLC (HUR) Reaches New 52-Week Low at $27.25
Hurricane Energy PLC (LON:HUR) shares hit a new 52-week low on Friday . The company traded as low as GBX 27.25 ($0.35) and last traded at GBX 27.50 ($0.36), with a volume of 1,806,542 shares changing hands. The stock had previously closed at GBX 27.50 ($0.36).
A number of research analysts have weighed in on the stock. Macquarie cut their price target on shares of 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. FinnCap reaffirmed a “buy” rating and issued a GBX 80 ($1.03) price target on shares of Hurricane Energy PLC in a research note on Thursday, July 6th. Finally, Canaccord Genuity cut their price target on shares of 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.
The company’s market cap is GBX 330.32 million. The firm’s 50-day moving average price is GBX 29.21 and its 200 day moving average price is GBX 43.54.
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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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