Harbour Energy (LON:HBR) Trading Down 14.5% – What’s Next?

Harbour Energy plc (LON:HBR)’s stock price dropped 14.5% on Thursday . The stock traded as low as GBX 182.50 ($2.36) and last traded at GBX 182.95 ($2.36). Approximately 10,631,476 shares were traded during trading, an increase of 127% from the average daily volume of 4,680,994 shares. The stock had previously closed at GBX 214 ($2.77).

Analysts Set New Price Targets

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

Harbour Energy Price Performance

The stock has a market capitalization of £3.40 billion, a P/E ratio of 59.57, a PEG ratio of 0.04 and a beta of -0.23. 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 fifty day simple moving average of GBX 247.85 and a two-hundred day simple moving average of GBX 259.26.

Insiders Place Their Bets

In related news, insider Simon Henry bought 10,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of GBX 198 ($2.56) per share, for a total transaction of £19,800 ($25,591.31). Company 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.