Hurricane Energy (HUR) Given “Overweight” Rating at Morgan Stanley

Morgan Stanley restated their overweight rating on shares of Hurricane Energy (LON:HUR) in a report published on Thursday morning, Digital Look reports.

Separately, Canaccord Genuity lowered shares of Hurricane Energy to a speculative buy rating and lowered their price target for the stock from GBX 115 ($1.50) to GBX 110 ($1.44) in a research report on Tuesday, April 9th.

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

In related news, insider Roy Kelly sold 3,527,501 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of GBX 45 ($0.59), for a total value of £1,587,375.45 ($2,074,187.18).

About Hurricane Energy

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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