Harbour Energy (OTCMKTS:HBRIY) Shares Gap Up – Here’s Why

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) gapped up before the market opened on Wednesday . The stock had previously closed at $2.97, but opened at $3.39. Harbour Energy shares last traded at $3.37, with a volume of 385 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut shares of Harbour Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Harbour Energy currently has a consensus rating of “Hold”.

Harbour Energy Stock Up 0.6%

The stock’s fifty day simple moving average is $2.90 and its 200 day simple moving average is $2.97. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.80.

About Harbour Energy

Harbour Energy PLC (OTCMKTS: HBRIY) is a London-based independent oil and gas exploration and production company formed in July 2021 through the merger of Premier Oil and Chrysaor. As the largest UK-listed E&P group by production, the company focuses on developing and operating a diversified portfolio of upstream assets to deliver long-term value through stable cash flow and disciplined capital allocation.

The company’s core business activities encompass the exploration, development and production of crude oil and natural gas.