Hurricane Energy (LON:HUR) Receives Buy Rating from Berenberg Bank
Berenberg Bank reiterated their buy rating on shares of Hurricane Energy (LON:HUR) in a report published on Thursday morning, Digital Look reports. Berenberg Bank currently has a GBX 100 ($1.31) price objective on the stock.
HUR has been the topic of a number of other reports. Barclays initiated coverage on shares of Hurricane Energy in a research report on Friday, May 17th. They set an equal weight rating and a GBX 75 ($0.98) price target on the stock. Morgan Stanley reiterated an overweight rating on shares of Hurricane Energy in a research report on Friday, July 12th. Canaccord Genuity reduced their price target on shares of Hurricane Energy from GBX 100 ($1.31) to GBX 95 ($1.24) and set a speculative buy rating on the stock in a research report on Wednesday, July 17th. Finally, Royal Bank of Canada reiterated an outperform rating on shares of Hurricane Energy in a research report on Thursday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of GBX 87.50 ($1.14).
LON HUR traded down GBX 0.68 ($0.01) on Thursday, reaching GBX 46.96 ($0.61). 7,604,582 shares of the company’s stock traded hands, compared to its average volume of 4,750,000. Hurricane Energy has a 12 month low of GBX 38 ($0.50) and a 12 month high of GBX 64.50 ($0.84). The company has a debt-to-equity ratio of 31.58, a current ratio of 1.93 and a quick ratio of 1.84. The stock has a 50-day simple moving average of GBX 42.95 and a 200 day simple moving average of GBX 47.60. The stock has a market cap of $934.61 million and a PE ratio of -15.15.
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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