Hurricane Energy plc (LON:HUR – Get Rating)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 9.19 ($0.12) and traded as high as GBX 10.38 ($0.14). Hurricane Energy shares last traded at GBX 10.32 ($0.13), with a volume of 7,301,124 shares trading hands.
Separately, Canaccord Genuity Group upgraded shares of Hurricane Energy to a “hold” rating and upped their price target for the company from GBX 2.60 ($0.03) to GBX 9 ($0.12) in a research report on Thursday, April 7th.
The stock has a market cap of £205.56 million and a price-to-earnings ratio of -0.98. The company has a debt-to-equity ratio of 225.72, a quick ratio of 3.19 and a current ratio of 3.53. The company’s 50 day simple moving average is GBX 9.19 and its two-hundred day simple moving average is GBX 5.99.
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, West of Shetland. Its producing oil fields include Clair, Foinaven, and Schiehallion; licenses focuses on the Rona Ridge, a major NE-SW trending basement; and assets comprise Lancaster, Whirlwind, Lincoln, Halifax, and Warwick.
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