Berenberg Bank restated their buy rating on shares of Hurricane Energy (LON:HUR) in a research report released on Monday morning, Digital Look reports. The firm currently has a GBX 100 ($1.31) price objective on the stock.
Other analysts have also recently issued reports about the company. Canaccord Genuity dropped 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 research report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an outperform rating on shares of Hurricane Energy in a research report on Thursday, September 12th. Finally, Barclays upgraded 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 note on Thursday, October 10th. Five investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus price target of GBX 78.75 ($1.03).
Shares of LON HUR opened at GBX 32.31 ($0.42) on Monday. The company has a 50 day simple moving average of GBX 42.75 and a two-hundred day simple moving average of GBX 46.36. Hurricane Energy has a fifty-two week low of GBX 37.80 ($0.49) and a fifty-two week high of GBX 64.50 ($0.84). The company has a market capitalization of $659.16 million and a price-to-earnings ratio of -80.77. The company has a debt-to-equity ratio of 49.02, a quick ratio of 1.56 and a current ratio of 1.68.
About Hurricane Energy
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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