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A statement released earlier today by Macquarie about Hurricane Energy Plc (LON:HUR) bumps down the target price to 87.00GBX

Macquarie reduced the stock price target of Hurricane Energy Plc (LON:HUR) to 87.00GBX indicating a possible upside of 1.73%.

Showing a price of 31.88GBX, Hurricane Energy Plc (LON:HUR) traded 2.73% higher on the day. With the last stock price close down -33.72% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. The company has recorded a 50-day moving average of 28.82GBX and a 200-day moving average of 42.62GBX. 3,243,550 shares of the stock were exchanged, down from an average trading volume of 9,332,900

Recent Performance Chart

Hurricane Energy Plc (LON:HUR)

Hurricane Energy Plc has 52 week low of 26.25GBX and a 52 week high of 67.90GBX with a PE ratio of 282.50 and has a market capitalization of 0 GBX.

Also covering Hurricane Energy Plc's price target, a total of 2 equity analysts have released a ratings update on HUR. The one year target is 34.50GBX with 0 brokers rating the stock a strong buy, 2 firms rating the stock a buy, 0 firms rating the stock a hold, zero brokerages rating the company a underperform, and lastly zero brokers rating the stock a sell.

Brief Synopsis On Hurricane Energy Plc (LON:HUR)

Hurricane Energy plc is engaged in the exploration of oil and gas reserves principally on the United Kingdom Continental Shelf. The Company's acreage is on the United Kingdom Continental Shelf, West of Shetland, on which the Company has approximately two basement reservoir discoveries, each containing approximately 200 million barrels of oil equivalent (MMboe). Its licenses include P1368, P1485, P1835 and P2294. The Company has approximately 450 million barrels of 2C Contingent Resources on acreage. Its Lancaster discovery is located in blocks, including 205/21a, 205/22a and 205/26b. The Whirlwind discovery is located across blocks, including 205/21a and 205/22a in the West of Shetland. The Lincoln Basement prospect is located in 205/26b block. The Typhoon prospect is located in blocks, including 204/22a, 204/23c, 204/27a and 204/28a. The Strathmore Prospect is located in the 204/30a block, and contains oil in Triassic-aged sandstones.

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