Harbour Energy (OTCMKTS:HBRIY) Hits New 12-Month Low – Here’s Why

Harbour Energy plc (OTCMKTS:HBRIY)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $2.08 and last traded at $2.08, with a volume of 1001 shares. The stock had previously closed at $2.25.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered shares of Harbour Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th.

Harbour Energy Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.73 and a current ratio of 0.81. The business has a 50 day simple moving average of $2.73 and a 200-day simple moving average of $3.13.

Harbour Energy Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, April 11th will be given a $0.1119 dividend. The ex-dividend date of this dividend is Friday, April 11th.

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.