Hurricane Energy (LON:HUR) Receives “Buy” Rating from Berenberg Bank
Berenberg Bank reissued their buy rating on shares of Hurricane Energy (LON:HUR) in a research report released on Monday, Digital Look reports. Berenberg Bank currently has a GBX 100 ($1.31) price target on the stock.
Several other equities analysts also recently commented on HUR. Barclays upgraded Hurricane Energy to an overweight rating and dropped their target price for the company from GBX 75 ($0.98) to GBX 55 ($0.72) in a research report on Thursday, October 10th. Canaccord Genuity reduced their price target on Hurricane Energy from GBX 95 ($1.24) to GBX 85 ($1.11) and set a buy rating on the stock in a report on Tuesday, October 15th. Finally, Royal Bank of Canada restated an outperform rating on shares of Hurricane Energy in a report on Thursday, September 12th. Five equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus target price of GBX 80 ($1.05).
Shares of HUR stock opened at GBX 34.52 ($0.45) on Monday. The firm has a market capitalization of $685.44 million and a P/E ratio of -86.29. Hurricane Energy has a twelve month low of GBX 37.80 ($0.49) and a twelve month high of GBX 64.50 ($0.84). The company has a quick ratio of 1.56, a current ratio of 1.68 and a debt-to-equity ratio of 49.02. The stock’s fifty day simple moving average is GBX 43.18 and its 200 day simple moving average is GBX 46.55.
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.
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