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Hurricane Energy PLC 71.7% Potential Upside Indicated by finnCap

Hurricane Energy PLC with EPIC/TICKER LON:HUR had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ today by analysts at finnCap. Hurricane Energy PLC are listed in the Oil & Gas sector within AIM. finnCap have set their target price at 91 GBX on its stock. This is indicating the analyst believes there is a potential upside of 71.7% from the opening price of 53 GBX. Over the last 30 and 90 trading days the company share price has increased 5.65 points and increased 14 points respectively.

 
Hurricane Energy PLC LON:HUR has a 50 day moving average of 49.99 GBX and a 200 Day Moving Average share price is recorded at 34.56 GBX. The 1 year high for the share price is 58 GBX while the 52 week low is 9.62 GBX. There are currently 1,197,533,686 shares in issue with the average daily volume traded being 4,717,740. Market capitalisation for LON:HUR is £624,214,434 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.

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