Barclays initiated coverage on shares of Hurricane Energy (LON:HUR) in a research report sent to investors on Friday, ThisIsMoney.Co.Uk reports. The firm issued an equal weight rating and a GBX 75 ($0.98) target price on the stock.

A number of other equities research analysts also recently issued reports on HUR. Canaccord Genuity downgraded shares of Hurricane Energy to a speculative buy rating and lowered their target price for the company from GBX 115 ($1.50) to GBX 110 ($1.44) in a report on Tuesday, April 9th. Morgan Stanley restated an overweight rating on shares of Hurricane Energy in a report on Thursday.

Hurricane Energy stock opened at GBX 57.15 ($0.75) on Friday. Hurricane Energy has a 1 year low of GBX 38 ($0.50) and a 1 year high of GBX 60.75 ($0.79). The company has a market capitalization of $1.10 billion and a P/E ratio of -18.44. The company has a quick ratio of 1.84, a current ratio of 1.93 and a debt-to-equity ratio of 31.58.

In other Hurricane Energy news, insider Roy Kelly sold 3,527,501 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of GBX 45 ($0.59), for a total transaction of £1,587,375.45 ($2,074,187.18).

Hurricane Energy Company Profile

Hurricane Energy plc, together with its subsidiaries, discovers, appraises, and develops oil from fractured basement reservoirs. The company has a portfolio of contiguous offshore licenses on the United Kingdom Continental Shelf, to the west of Shetland. Its producing oil fields include Clair, Foinaven, and Schiehallion; licenses are focuses on the Rona Ridge, a major NE-SW trending basement; and acreage comprises Lancaster, Whirlwind, Lincoln, and Halifax.

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