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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Hurricane Energy PLC    HUR   GB00B580MF54

HURRICANE ENERGY PLC

(HUR)
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Delayed Quote. Delayed London Stock Exchange - 07/22 11:35:18 am
45.48 GBp   +0.62%
07/17HURRICANE ENERGY : Director/PDMR Shareholding
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07/12HURRICANE ENERGY : 'Lincoln Crestal' 205/26b-B Well Spud
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07/11HURRICANE ENERGY : shares jump on higher guidance from Scottish oil fields
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Hurricane Energy : shares jump on higher guidance from Scottish oil fields

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07/11/2019 | 06:02am EDT

LONDON (Reuters) - Hurricane Energy's shares recorded their biggest daily rise since 2017 on Thursday, jumping more than 13% after the group upped its production guidance for 2020 on positive results from its so-called fractured basement reservoirs in Britain.

Hurricane specialises in recovering oil from fractures in hard and brittle rock known as fractured basement reservoirs, which some see as a risky way to obtain crude. It hit first oil at its Lancaster field off Scotland last month.

"From 2020, target production guidance envelope is increased from 17,000 barrels per day (bpd), which remains the base case, to an upper target of 20,000 bpd," Hurricane said in a statement.

At $60 a barrel, Hurricane expects to make operating cash flow of $60 million this year and $200-$240 million (£159-£191 million) next year.

(Reporting by Shadia Nasralla; Editing by Edmund Blair)

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Latest news on HURRICANE ENERGY PLC
07/17HURRICANE ENERGY : Director/PDMR Shareholding
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06/05HURRICANE ENERGY : Results of AGM
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06/05CENTRICA : Hurricane Energy hits first oil in UK 'fractured basement' field
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Financials (GBP)
Sales 2019 118 M
EBIT 2019 46,3 M
Net income 2019 70,2 M
Debt 2019 110 M
Yield 2019 -
P/E ratio 2019 17,3x
P/E ratio 2020 6,17x
EV / Sales2019 8,62x
EV / Sales2020 2,88x
Capitalization 904 M
Chart HURRICANE ENERGY PLC
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Technical analysis trends HURRICANE ENERGY PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 94,30  GBp
Last Close Price 45,48  GBp
Spread / Highest target 186%
Spread / Average Target 107%
Spread / Lowest Target 64,9%
EPS Revisions
Managers
NameTitle
Robert Clive Trice Chief Executive Officer & Executive Director
Stephen James McTiernan Non-Executive Chairman
Neil Robert Platt Chief Operations Officer & Executive Director
Alistair Stobie Chief Financial Officer & Director
John Alexander van der Welle Independent Non-Executive Director
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