Share Name Share Symbol Market Type Share ISIN Share Description
Hurricane Energy LSE:HUR London Ordinary Share GB00B580MF54 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.25p -4.43% 48.50p 48.50p 49.00p 50.25p 45.25p 50.25p 34,173,725 16:29:43
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -4.7 0.1 692.9 583.39

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DateSubject
27/5/2017
09:20
Hurricane Energy Daily Update: Hurricane Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker HUR. The last closing price for Hurricane Energy was 50.75p.
Hurricane Energy has a 4 week average price of 45.25p and a 12 week average price of 45.25p.
The 1 year high share price is 67.75p while the 1 year low share price is currently 15.25p.
There are currently 1,202,860,397 shares in issue and the average daily traded volume is 10,784,858 shares. The market capitalisation of Hurricane Energy is £583,387,292.55.
23/5/2017
06:38
casapinos: This is a copy of a post made elsewhere re the HUR share options for directors detailed in yesterdays Annual report. "The VCP is based on an share price of 34p which the share price touched very briefly in NOV 16- so their timing is impeccable. At today share price the 3 directors involved have "earned" £1 million per month(>£6 mill each) as a result of the scheme (in addition to salary). Should HUR market cap reach £1billion (sp about 80p) they will share £50 million , at a market cap of £2bill (sp £1.60) they share >£128 mill and at a MC of $3bill (sp£2.40) they share> £210 mill - I couldn't bear to go further as the numbers become disgracefully generous. As other shave pointed out their greed is served as they have protected the scheme from the effects of the dilution necessary to fund EPS, further exploratory drilling and FFD i can imagine a situation in which the numbers for market cap above are reached with perhaps billions of further shares in issue yet the VCP pays out as described while common shareholders are diluted several times over. This is shameful, we should make very effort to stop it - I certainly shall." I hope some of you share my concerns
17/5/2017
10:48
terry hardacre: Peter, I don't disagree that the share price was being shagged by this scandalous warrants affair, but the share price started tanking big time on Monday when that broadcast took hold, and in my opinion compounded the bloodshed the next day.It is impossible to pinpoint what factors contribute to what proportion of a share price movement, but you can't be suggesting that it didn't have an effect?Putting the share price activity to one side, what do you make of Stobie's performance? Do you also take the view that we should be overwhelmed with contrition and begging his forgiveness? Or perhaps he should be subject to some critical scrutiny over what I consider to be an ill-timed and unnerving performance, that gives us some reason to doubt the progress of the funding negotiations, and the people conducting those negotiations.
15/5/2017
20:02
puzzler2: Fortunately, I had a long boozy lunch today, so only became aware of the share price fall after the markets had closed. I also haven't sold any shares since first buying in 2014 and adding regularly since and even after today's falls I have a profit of 155% (not quite as good as aircraftfixer's near 200%). I think it is unfortunate that the Board didn't simply place 25m shares, rather than issue warrants with a buy price based on a future VWAP, which in my opinion is an opportunity to short every time. I would have thought that this adopted strategy isn't in congruence with every Board's desire to "manage" their share price, which it hasn't been today. That said, the story here hasn't changed and I'm anticipating an share price significantly higher than where we are now, by the end of the year. Hopefully, the warrants are now issued and normality will return tomorrow.
15/5/2017
19:34
rainbow23: Not impressed by the ramblings of AS today. Totally unprofessional.If he wasn't capable of giving a decent interview he should have kept his gob shut instead of waffling and sowing doubt in the minds of shareholders. I fear for the immediate future of the HUR share price with this guy on the loose. Despite what he might say the money men have HUR over a barrel and AS is no poker player. More of the same tomorrow I fear.
27/4/2017
06:28
gersemi: From IC (25 Apr-17)..thanks to S-Thompson: 'The reason for remaining positive is down to the upside potential in the company's three largest holdings: Hurricane Energy (HUR:57p), a company that is building up a huge resource base in a strategically important part of the North Sea; Grainger (GRI:248p), the UK's largest listed residential property owner and manager whose shares languish at a 26 per cent discount to EPRA NAV estimates even though the company has been selling off non-core assets and successfully executing its plan to invest £850m in the private rented sector (PRS) by 2020; and vehicle rental group Northgate (NTG:526p). Hurricane accounts for a third of Crystal Amber's NAV (excluding warrants it holds), albeit Crystal Amber's investment managers have sensibly top-sliced the holding to manage the portfolio's exposure to any one company, and the holdings in Grainger and Northgate each represent around 14 per cent of book value. Bearing this in mind, I note that analyst Dougie Youngson at broker finnCap has just raised his target price on Hurricane Energy's shares from 91p to 130p following a capital markets day which highlighted that "the drilling programme has confirmed that Hurricane does indeed have a world-class portfolio of assets west of Shetland. The majority of the key questions relating to the geology and producibility of the Lancaster reservoir have now been answered.". Mr Youngson's valuation for Hurricane is on a risked NAV basis for the Lancaster and Halifax fields, and reflects a near doubling in the recoverable resource estimate for Lancaster to 593m barrels of oil, an uplift of approximately three times the 2014 Competent Person's Report volume. Clearly, everything needs to fall into place for Hurricane's share price to make further headway towards finnCap's upgraded target, and the next major news will be the final investment decision in the next few months ahead of planned first production in the first half of 2019. Capital expenditure for the Lancaster Early Production System is estimated at around $467m (£365m) and Hurricane is seeking to put together a funding package for the development which is likely to comprise new equity, debt and potentially a farm-out. The point being that although Hurricane's shares have surged in the past year, there is potential for the rerating to continue especially as any farm-out would highlight the huge value in the company's assets. That's good news for Crystal Amber's shareholders given the fund's weighting to this holding. In the circumstances, I would run the 66 per cent profit on your holdings in Crystal Amber. '
30/3/2017
13:22
garymegson: The Motley Fool "With the end of the tax year in sight, it’s more important than ever to transfer any remaining cash into your stocks and shares ISA before the window closes. But what to do with the capital when its safely in your account? Here’s one suggestion for all risk-tolerant, long(er)-term investors. “Exciting times” What an extraordinary week it’s so far been for oil exploration firm, Hurricane Energy (LSE: HUR). In addition to announcing its discovery of a 1,156m oil column at its Halifax well, the £680m cap also stated its belief that this was linked to the Lancaster field some 30km away, making for one huge hydrocarbon accumulation and the largest undeveloped discovery on the UK Continental Shelf. With one billion barrels of oil now believed to be recoverable from the Greater Lancaster Area (located in the West of Shetland), this result towers above the average 25m-barrel finds by companies over recent years. And the share price reaction? Relatively muted given the significance of Hurricane’s news. While a 7% rise since Monday will no doubt be welcomed by existing investors, I think it’s fair to say that most expected more. However, I believe the fireworks could be just around the corner. What happens next? Hurricane’s update on the Halifax well will be followed by the Competent Persons Report (CPR) on the Lancaster well – “due imminently” according to the company. The aim of this will be to provide an independent and unbiased evaluation of the asset. Given that management has already hinted that previous estimations were “conservative“, this update will surely make it harder than ever for prospective investors to remain on the fence. By the end of H1, Hurricane is also due to provide more information on the Final Investment Decision (FID) for the Lancaster Early Production System (EPS) with first oil currently pencilled-in for mid-2019. But the news doesn’t stop there. By the end of this year, and having processed all the data collected, Hurricane is forecast to release another two CPRs, this time relating to the currently-suspended Halifax and Lincoln exploration wells. One to tuck away To be sure, many questions still remain with regard to Hurricane’s 100%-owned assets. Nevertheless, with both Royal Dutch Shell and BP recently securing licences in the surrounding area (raising the likelihood of a farm-out agreement with an oil major) and Hurricane likely to receive support from the UK Government in light of Brexit, the prospects look bright indeed. While no company is immune from setbacks, the probability of its shares multi-bagging from here — despite their already impressive 500% rise in 2016 — appears high, regardless of what CEO Dr Robert Trice has planned for the company. The possibility of it receiving an audacious takeover offer is still not out of the question either. Should this be the case then it’s more vital than ever that investors take full advantage of the fact that all profits made on investments held within an ISA are free from capital gains tax. Failure to do this and any money made above the annual capital gains tax allowance — £11,300 for 2017/18 — will have the taxman rubbing his hands with glee. For those above the higher rate threshold and invested in Hurricane, this could really eat into any returns." hTTp://www.fool.co.uk/investing/2017/03/30/hurricane-energy-plc-a-perfect-buy-and-hold-pick
27/3/2017
17:02
gregpeck7: Share price will have to play catch-up Drilling in recent months has answered many questions for Hurricane, but, the corporate phases to come will likely present new ones. One thing that is clear, however, it that Hurricane is sitting on an awful lot of oil and, according to experts, the group’s share price has yet to catch up. Stockbroker WH Ireland, for example, has highlighted a “tremendous opportunity” for investors as he says the share price reaction on Monday almost ignores the significance of the Halifax well result. In Monday’s morning deals, Hurricane was up between 5-10% changing hands just shy of 60p. WH Ireland, meanwhile, struck a line through its valuation (which saw Halifax alone worth 65p per share) because analyst Brendan Long now saw the need for a “significant upward revision”. The stockbroker repeated a ‘buy’ recommendation, but, in the meantime put its 92.9p price target under review. “We can see that trading dynamics are mitigating market recognition of this result, we believe this represents a tremendous opportunity for long-term value investors to acquire stock at a price-level that almost ignores today’s results,” Long said in a note. A degree of profit taking or ‘investor fatigue’ is perhaps understandable. The Hurricane price is after all up some 400% in the past twelve months and the specifics of the upcoming round of financing remains remain uncertain (somewhat understandably given the presumably pivotal stage of negotiating). In the meantime, investors will keenly await the ‘imminent̵7; CPR as it will likely be the next major catalyst from the company.
03/2/2017
20:11
gary38: Hurricane Energy and EnQuest among the few 'buys' left in oil sector - MacquarieShare 11:33 03 Feb 2017"Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view.oil platformValuations in the oil sector have caught upIt is harder work picking winners in the oil and gas sector now that crude prices have steadied and share prices have climbed, so says Macquarie.Kate Sloan, analyst at Macquarie, most share prices are close to fair value and as a result many in the sector have been downgraded.Cairn Energy PLC (LON:CNE), Faroe Petroleum plc (LON:FPM), Ithaca Energy Plc (LON:IAE), Premier Oil PLC (LON:PMO) and Tullow Oil plc (LON:TLW) are all relegated to a 'neutral' rating.Three of Macquarie's 'top picks' retain their 'buy' recommendations; Hurricane Energy Plc (LON:HUR), EnQuest Plc (LON:ENQ) and Africa Oil Corp (TSE:AOI).Of the three, Hurricane Energy is deemed to have the clearest value opportunities."Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view."Further exploratory drilling (ongoing) and progress on the Lancaster development could add significant value, building on the success the company enjoyed in 2016."Macquarie has a 90p price target for Hurricane (current price: 51.25p).EnQuest, meanwhile, is Macquarie's pick for further oil price leverage combined with low risk project progression."Although the rest of the sector now reflects a much higher discounted oil price than it did four months ago, EnQuest is still discounting US$63/bbl, the same number it was back in August 2016," Sloan said."We believe the valuation gap will be narrowed in the coming months once the market starts to believe in Kraken delivery."Macquarie has a 79p target price for EnQuest (current price: 46.34p).Sloan added that Africa Oil's has very attractive upside through de-risking the discoveries in Kenya's South Lokichar basin, where it partners Tullow.
30/1/2017
22:15
gary38: Look how HUR share price has held up after 3 big investors have off loads large chunks of their holdings here. They will regret reducing their holding in HUR and putting that cash in their other holdings or new investments do not return same % or better in next couple of years.
25/1/2017
10:47
gary38: Hurricane Energy plc ("Hurricane")During the Quarter, Hurricane released several positive drilling results and raised £70 million to fund drilling an exploration well at Lincoln, to acquire subsea equipment and to fund engineering studies for the Early Production System phase of the Lancaster development.Crystal Amber was pleased to participate in the fundraising, investing a further £10.7 million in line with the Fund's stake in the company at the time of 15.3%. In November 2016, Hurricane was awarded a new licence (Halifax) in its West of Shetland acreage, further expanding the footprint beyond its Lancaster oil asset. Further exploration of this prospect has the potential to not only increase Hurricane's resource base, but also to help determine how far the Lancaster field extends.On 19 December 2016, Hurricane announced very positive interim results at its Lincoln exploration well, adding to its increasingly substantial resource base. Results demonstrated a 660m deep oil column which exceeded the company's expectations and led to the company stating that the pre-drill estimate of 250 million barrels may be conservative. Hurricane's drill rig will now be moved on to drill the Halifax prospect.Recent drilling results reinforce the Fund's view that Hurricane has a significant resource base, potentially in excess of one billion barrels of oil. We expect to see further positive news flow over the coming months, which should serve to de-risk the asset base further and may attract potential partners.  Over the quarter, Hurricane's share price increased by 26.8 per cent.
Hurricane Energy share price data is direct from the London Stock Exchange
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