Hurricane Energy’s (HUR) “Speculative Buy” Rating Reaffirmed at Canaccord Genuity

Hurricane Energy (LON:HUR)‘s stock had its “speculative buy” rating reissued by stock analysts at Canaccord Genuity in a research report issued to clients and investors on Wednesday. They presently have a GBX 85 ($1.17) price target on the stock. Canaccord Genuity’s price target points to a potential upside of 168.14% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada lifted their price objective on Hurricane Energy from GBX 60 ($0.83) to GBX 70 ($0.97) and gave the company an “outperform” rating in a research report on Tuesday, December 12th. FinnCap reiterated a “buy” rating and issued a GBX 80 ($1.11) price objective on shares of Hurricane Energy in a research report on Monday, December 11th.

Shares of Hurricane Energy (LON HUR) traded down GBX 1.10 ($0.02) on Wednesday, reaching GBX 31.70 ($0.44). The company’s stock had a trading volume of 8,410,000 shares, compared to its average volume of 8,390,000. Hurricane Energy has a 52-week low of GBX 24 ($0.33) and a 52-week high of GBX 67.90 ($0.94).

In other Hurricane Energy news, insider Alistair Stobie acquired 4,632 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was purchased at an average price of GBX 39 ($0.54) per share, for a total transaction of £1,806.48 ($2,495.83).

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Hurricane Energy Company Profile

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).

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