Hurricane Energy (OTCMKTS:HRCXF) Downgraded to Hold at Zacks Investment Research

Hurricane Energy (OTCMKTS:HRCXF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Hurricane Energy PLC is involved in the exploration of oil and gas properties primarily in the United Kingdom. Hurricane Energy PLC is headquartered in Godalming, the United Kingdom. “

Separately, Barclays upgraded shares of Hurricane Energy from an “equal weight” rating to an “overweight” rating in a report on Thursday, October 10th.

Shares of HRCXF stock opened at $0.55 on Wednesday. Hurricane Energy has a one year low of $0.49 and a one year high of $0.79. The company’s fifty day moving average price is $0.54 and its 200-day moving average price is $0.59.

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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