Harbour Energy (LON:HBR) Trading Down 11.7% – What’s Next?

Harbour Energy plc (LON:HBR) shares were down 11.7% during mid-day trading on Thursday . The stock traded as low as GBX 184.60 ($2.39) and last traded at GBX 189.05 ($2.44). Approximately 9,060,795 shares were traded during mid-day trading, an increase of 95% from the average daily volume of 4,646,849 shares. The stock had previously closed at GBX 214 ($2.77).

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “not rated” rating on shares of Harbour Energy in a report on Thursday, January 23rd.

Harbour Energy Stock Performance

The company has a debt-to-equity ratio of 76.75, a quick ratio of 0.33 and a current ratio of 0.82. The stock’s fifty day moving average is GBX 247.85 and its two-hundred day moving average is GBX 259.26. The firm has a market cap of £3.40 billion, a price-to-earnings ratio of 59.57, a PEG ratio of 0.04 and a beta of -0.23.

Insider Buying and Selling

In related news, insider Simon Henry bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of GBX 198 ($2.56) per share, for a total transaction of £19,800 ($25,591.31). Corporate insiders own 64.08% of the company’s stock.

Harbour Energy Company Profile

Harbour Energy is the largest London-listed independent oil and gas company with significant positions in Norway, the UK, Germany, Argentina, Mexico, North Africa and South East Asia.