Canaccord Genuity Cuts Hurricane Energy (LON:HUR) Price Target to GBX 85

Hurricane Energy (LON:HUR) had its target price reduced by Canaccord Genuity from GBX 95 ($1.24) to GBX 85 ($1.11) in a research report released on Tuesday, Digital Look reports. Canaccord Genuity currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on HUR. Morgan Stanley reiterated an overweight rating on shares of Hurricane Energy in a research report on Friday, July 12th. Berenberg Bank reiterated a buy rating and issued a GBX 100 ($1.31) price objective on shares of Hurricane Energy in a research report on Thursday, September 12th. Royal Bank of Canada reiterated an outperform rating on shares of Hurricane Energy in a research report on Thursday, September 12th. Finally, Barclays upgraded shares of Hurricane Energy to an overweight rating and lowered their price objective for the company from GBX 75 ($0.98) to GBX 55 ($0.72) in a research report on Thursday, October 10th. Five analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and an average price target of GBX 80 ($1.05).

LON:HUR opened at GBX 42.90 ($0.56) on Tuesday. The firm’s fifty day moving average price is GBX 43.38 and its 200 day moving average price is GBX 47.12. Hurricane Energy has a 1-year low of GBX 37.80 ($0.49) and a 1-year high of GBX 64.50 ($0.84). The company has a debt-to-equity ratio of 49.02, a current ratio of 1.68 and a quick ratio of 1.56. The firm has a market cap of $853.81 million and a price-to-earnings ratio of -107.25.

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.

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Analyst Recommendations for Hurricane Energy (LON:HUR)

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