Harbour Energy (OTCMKTS:HBRIY) Sets New 52-Week High – Here’s Why

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $3.84 and last traded at $3.84, with a volume of 10136 shares. The stock had previously closed at $3.2855.

Analyst Upgrades and Downgrades

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

Harbour Energy Price Performance

The company has a 50 day moving average of $2.94 and a 200 day moving average of $2.99. 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.