Canaccord Genuity reissued their speculative buy rating on shares of Hurricane Energy (LON:HUR) in a research report report published on Wednesday. They currently have a GBX 85 ($1.17) target price on the stock.

A number of other analysts have also weighed in on the stock. Royal Bank of Canada upped their price target on shares of Hurricane Energy from GBX 60 ($0.83) to GBX 70 ($0.97) and gave the stock an outperform rating in a research note on Tuesday, December 12th. FinnCap reaffirmed a buy rating and issued a GBX 80 ($1.11) price target on shares of Hurricane Energy in a research note on Monday, December 11th.

Hurricane Energy (HUR) opened at GBX 32.98 ($0.46) on Wednesday. Hurricane Energy has a one year low of GBX 24 ($0.33) and a one year high of GBX 67.90 ($0.94).

In related news, insider Alistair Stobie purchased 4,632 shares of Hurricane Energy stock in a transaction dated Thursday, January 25th. The stock was bought at an average cost of GBX 39 ($0.54) per share, with a total value of £1,806.48 ($2,495.83).

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About Hurricane Energy

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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