Published On: Fri, Feb 3rd, 2017

Hurricane Energy Plc Ord 0.1p reiterated as Outperform By Macquarie


In an analyst rating update on Friday shares of Hurricane Energy Plc Ord 0.1p (LON:HUR) had their rating reiterated by analysts at Macquarie.

The broker said it has now set a ‘Outperform’ rating on shares of Hurricane Energy Plc Ord 0.1p with a price target of 89. The price target according to the broker shows a possible increase of 78% from the current stock price of 50.

LON:HUR


Over the last twelve months Hurricane Energy Plc Ord 0.1p’s share price has increased from 10.75 to 50, changing by 365.12%.

The companies 50 day moving average is 47.59 and its 200 day moving average is 36.29. The 52 week high Hurricane Energy Plc Ord 0.1p’s shares have peaked at is 53.75 whilst the 52 week low for the company’s shares is 8.85.

Hurricane Energy Plc Ord 0.1p has 730,566,000 shares which are currently outstanding with a price of 50 calculating Hurricane Energy Plc Ord 0.1p’s market capitalisation to 365.28M GBp .

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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