Harbour Energy (LON:HBR) Hits New 1-Year High – Still a Buy?

Harbour Energy plc (LON:HBR)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 300.60 and last traded at GBX 298, with a volume of 33536309 shares traded. The stock had previously closed at GBX 288.10.

Analysts Set New Price Targets

Several analysts have recently weighed in on HBR shares. Berenberg Bank reiterated a “hold” rating and issued a GBX 225 price objective on shares of Harbour Energy in a research note on Thursday, March 5th. Canaccord Genuity Group raised their price target on shares of Harbour Energy from GBX 292 to GBX 320 and gave the stock a “buy” rating in a report on Thursday, December 18th. JPMorgan Chase & Co. lifted their price target on shares of Harbour Energy from GBX 270 to GBX 278 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 270 price objective on shares of Harbour Energy in a report on Monday, December 15th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Harbour Energy has a consensus rating of “Moderate Buy” and a consensus price target of GBX 276.60.

Harbour Energy Stock Performance

The company has a debt-to-equity ratio of 20.81, a current ratio of 1.04 and a quick ratio of 0.33. The company has a fifty day moving average price of GBX 230.86 and a 200 day moving average price of GBX 219.51. The stock has a market cap of £4.66 billion, a P/E ratio of -10.09, a P/E/G ratio of 0.04 and a beta of -0.23.

About Harbour Energy

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.