Hurricane Energy (LON:HUR)‘s stock had its “overweight” rating reaffirmed by Morgan Stanley in a research note issued to investors on Thursday, Digital Look reports.

Separately, Canaccord Genuity cut shares of Hurricane Energy to a “speculative buy” rating and reduced their price objective for the company from GBX 115 ($1.50) to GBX 110 ($1.44) in a research note on Tuesday, April 9th.

Shares of LON HUR opened at GBX 56.70 ($0.74) on Thursday. The company has a quick ratio of 1.84, a current ratio of 1.93 and a debt-to-equity ratio of 31.58. Hurricane Energy has a 52 week low of GBX 38 ($0.50) and a 52 week high of GBX 60.75 ($0.79). The stock has a market capitalization of $1.10 billion and a P/E ratio of -18.29.

In other Hurricane Energy news, insider Roy Kelly sold 3,527,501 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of GBX 45 ($0.59), for a total transaction of £1,587,375.45 ($2,074,187.18).

Hurricane Energy Company Profile

Hurricane Energy plc, together with its subsidiaries, discovers, appraises, and develops oil from fractured basement reservoirs. The company has a portfolio of contiguous offshore licenses on the United Kingdom Continental Shelf, to the west of Shetland. Its producing oil fields include Clair, Foinaven, and Schiehallion; licenses are focuses on the Rona Ridge, a major NE-SW trending basement; and acreage comprises Lancaster, Whirlwind, Lincoln, and Halifax.

Recommended Story: Cost of Capital

Receive News & Ratings for Hurricane Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hurricane Energy and related companies with MarketBeat.com's FREE daily email newsletter.