finnCap announced Hurricane Energy Plc (LON:HUR), raising its target price to 66.00GBX today
- Updated: September 25, 2016
In a report announced on Monday September 26, 2016 finnCap raised the target price of Hurricane Energy Plc (LON:HUR) from 50.00GBX to 66.00GBX reporting a possible upside of 0.66%.
On 9/22/2016, Cantor Fitzgerald released a statement about Hurricane Energy Plc (LON:HUR) maintained the target price at 69.00GBX that suggested an upside of 0.74%.
Boasting a price of 39.75GBX, Hurricane Energy Plc (LON:HUR) traded -0.64% lower on the day. With the last close up 106.30% from the two hundred day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of 30.11GBX and a 200-day average of 18.90GBX. Volume of trade was down over the average, with 3,268,454 shares of HUR changing hands under the typical 3,928,260
Hurricane Energy Plc has 52 week low of 8.85GBX and a 52 week high of 43.75GBX and has a market capitalization of 0 GBX.
In addition to finnCap reporting its stock price target, a total of 2 brokerages have issued a ratings update on the company. The average stock price target is 34.50GBX with 0 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages 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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