finnCap retained Hurricane Energy Plc (LON:HUR) to Buy in a statement released earlier today.
- Updated: October 15, 2016
finnCap has retained Hurricane Energy Plc (LON:HUR) to Buy in a statement released on 10/12/2016. They are also stating a potential upside of 0%.
On 9/26/2016, finnCap released a statement on Hurricane Energy Plc (LON:HUR) upped the target price from 50.00GBX to 66.00GBX that suggested an upside of 0.66%.
Having a price of 0.00GBX, Hurricane Energy Plc (LON:HUR) traded 1.29% higher on the day. With the last close down 81.02% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Hurricane Energy Plc has recorded a 50-day average of 35.89GBX and a two hundred day average of 21.68GBX. Volume of trade was down over the average, with 2,125,397 shares of HUR changing hands under the typical 4,019,220
With a total market value of 0 GBX, Hurricane Energy Plc has 52 week low of 8.85GBX and a 52 week high of 43.75GBX .
In addition to finnCap reporting its target price, a total of 2 firms have reported on the stock. The consensus target price is 34.50GBX with 0 firms rating the stock a strong buy, 2 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About 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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