Hurricane Energy PLC (LON:HUR)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.71 and traded as low as $3.10. Hurricane Energy shares last traded at $3.68, with a volume of 47,851,318 shares trading hands.
HUR has been the subject of several research analyst reports. Canaccord Genuity lowered their price objective on shares of Hurricane Energy from GBX 16 ($0.21) to GBX 14 ($0.18) and set a “speculative buy” rating for the company in a research note on Thursday, June 11th. Barclays lowered their price objective on shares of Hurricane Energy from GBX 16 ($0.21) to GBX 8 ($0.10) and set an “equal weight” rating for the company in a research note on Tuesday, June 16th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 36.75 ($0.48).
The firm’s 50-day moving average is GBX 4.14 and its 200-day moving average is GBX 7.66. The company has a current ratio of 2.48, a quick ratio of 2.32 and a debt-to-equity ratio of 80.53. The firm has a market cap of $66.01 million and a price-to-earnings ratio of -0.27.
In other Hurricane Energy news, insider Sandy Shaw purchased 164,474 shares of Hurricane Energy stock in a transaction that occurred on Thursday, September 24th. The stock was acquired at an average price of GBX 3 ($0.04) per share, with a total value of £4,934.22 ($6,447.43).
Hurricane Energy Company Profile (LON:HUR)
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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