Harbour Energy (OTCMKTS:HBRIY) Cut to “Hold” at The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of Harbour Energy (OTCMKTS:HBRIY) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning,Zacks.com reports.

Harbour Energy Stock Performance

HBRIY stock opened at $3.13 on Wednesday. The business has a 50-day simple moving average of $3.17 and a 200 day simple moving average of $3.44. Harbour Energy has a 52 week low of $2.90 and a 52 week high of $4.24. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.34.

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.