Hurricane Energy PLC (LON:HUR) shares hit a new 52-week low during trading on Monday . The stock traded as low as GBX 31.50 ($0.41) and last traded at GBX 31.63 ($0.42), with a volume of 7930556 shares. The stock had previously closed at GBX 33.52 ($0.44).
Several analysts have commented on HUR shares. Royal Bank of Canada restated an “outperform” rating on shares of Hurricane Energy in a report on Thursday, September 12th. Barclays lowered their price objective on shares of Hurricane Energy from GBX 55 ($0.72) to GBX 50 ($0.66) and set an “overweight” rating for the company in a report on Wednesday, December 4th. Berenberg Bank restated a “buy” rating and issued a GBX 100 ($1.32) price objective on shares of Hurricane Energy in a report on Monday, December 2nd. Finally, Canaccord Genuity lowered their target price on shares of Hurricane Energy from GBX 95 ($1.25) to GBX 85 ($1.12) and set a “buy” rating for the company in a report on Tuesday, October 15th. Five equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of GBX 78.75 ($1.04).
The company’s fifty day moving average price is GBX 41.72 and its 200-day moving average price is GBX 45.84. The stock has a market capitalization of $624.93 million and a PE ratio of -78.50. The company has a quick ratio of 1.56, a current ratio of 1.68 and a debt-to-equity ratio of 49.02.
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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