Hurricane Energy PLC on Focus After Trading At 52-Week Highs

 Hurricane Energy PLC on Focus After Trading At 52 Week Highs

The stock of Hurricane Energy PLC (LON:HUR) hit a new 52-week high and has GBX 45.15 target or 7.00% above today’s GBX 42.20 share price. The 9 months bullish chart indicates low risk for the GBX 537.08M company. The 1-year high was reported on Nov, 23 by Barchart.com. If the GBX 45.15 price target is reached, the company will be worth GBX 37.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.12% or GBX 0.05 on November 23, hitting GBX 42.2. About 5.01M shares traded hands or 8.21% up from the average. Hurricane Energy PLC (LON:HUR) has risen 201.79% since April 22, 2016 and is uptrending. It has outperformed by 196.46% the S&P500.

Hurricane Energy PLC (LON:HUR) Ratings Coverage

Out of 3 analysts covering Hurricane Energy Plc (LON:HUR), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 72 is the highest target while GBX 26 is the lowest. The GBX 69.67 average target is 65.09% above today’s (GBX 42.2) stock price. Hurricane Energy Plc has been the topic of 17 analyst reports since November 23, 2015 according to StockzIntelligence Inc. FinnCap maintained Hurricane Energy PLC (LON:HUR) on Thursday, October 27 with “Buy” rating. The firm has “Outperform” rating given on Thursday, November 10 by Macquarie Research. The rating was maintained by Cantor Fitzgerald with “Buy” on Wednesday, June 8. The stock has “Buy” rating given by FinnCap on Wednesday, October 12. FinnCap maintained the shares of HUR in a report on Monday, September 26 with “Buy” rating. FinnCap maintained it with “Buy” rating and GBX 72 target price in Friday, November 11 report. The stock of Hurricane Energy PLC (LON:HUR) has “Buy” rating given on Thursday, September 22 by Cantor Fitzgerald. The stock of Hurricane Energy PLC (LON:HUR) has “Buy” rating given on Tuesday, October 18 by FinnCap. On Wednesday, November 9 the stock rating was maintained by Cantor Fitzgerald with “Buy”. On Friday, October 21 the stock rating was maintained by FinnCap with “Buy”.

Another recent and important Hurricane Energy PLC (LON:HUR) news was published by Uk.Finance.Yahoo.com which published an article titled: “Hurricane Energy plc (HUR.L)” on April 01, 2014.

Hurricane Energy plc is engaged in the exploration of gas and oil reserves principally on the United Kingdom Continental Shelf. The company has a market cap of 537.08 million GBP. 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 . It currently has negative earnings. The Company’s licenses include P1368, P1485, P1835 and P2294.

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