Harbour Energy plc (LON:HBR) Insider Acquires £246,103 in Stock

Harbour Energy plc (LON:HBR) insider Linda Cook purchased 86,050 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were bought at an average cost of GBX 286 ($3.53) per share, for a total transaction of £246,103 ($303,980.98).

Harbour Energy Stock Performance

Harbour Energy stock opened at GBX 293.40 ($3.62) on Friday. Harbour Energy plc has a 1 year low of GBX 210.50 ($2.60) and a 1 year high of GBX 328.90 ($4.06). The company’s 50-day moving average is GBX 273.97 and its two-hundred day moving average is GBX 266.10. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 76.75. The company has a market cap of £2.26 billion, a PE ratio of -349.29, a PEG ratio of 0.04 and a beta of -0.30.

Harbour Energy Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, April 11th will be issued a $0.13 dividend. This is a positive change from Harbour Energy’s previous dividend of $0.12. This represents a yield of 3.73%. The ex-dividend date is Thursday, April 11th. Harbour Energy’s dividend payout ratio is currently -2,380.95%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HBR shares. Berenberg Bank upped their price objective on Harbour Energy from GBX 250 ($3.09) to GBX 280 ($3.46) and gave the stock a “hold” rating in a report on Monday, February 19th. Jefferies Financial Group restated a “buy” rating and set a GBX 350 ($4.32) target price on shares of Harbour Energy in a research report on Thursday, April 18th.

Harbour Energy Company Profile

Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves. The company holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. It is also involved in the decommissioning, financing, gas trading, and risk mitigation activities.