Hurricane Energy (HUR) PT Raised to GBX 70

Hurricane Energy (LON:HUR) had its price objective raised by equities researchers at Royal Bank of Canada from GBX 60 ($0.81) to GBX 70 ($0.94) in a research report issued on Tuesday. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 137.29% from the company’s previous close.

Separately, FinnCap reaffirmed a “buy” rating and set a GBX 80 ($1.08) target price on shares of Hurricane Energy in a report on Monday.

Hurricane Energy (LON HUR) opened at GBX 29.50 ($0.40) on Tuesday. Hurricane Energy has a fifty-two week low of GBX 24 ($0.32) and a fifty-two week high of GBX 67.90 ($0.91).

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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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