Harbour Energy (OTCMKTS:HBRIY) Stock Price Down 5.8% – Here’s What Happened

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) shares dropped 5.8% on Monday. The company traded as low as $3.88 and last traded at $3.88. Approximately 31,588 shares were traded during trading, a decline of 26% from the average session volume of 42,537 shares. The stock had previously closed at $4.12.

Wall Street Analyst Weigh In

HBRIY has been the subject of a number of research analyst reports. Barclays reaffirmed an “overweight” rating on shares of Harbour Energy in a research report on Monday, October 5th. The Goldman Sachs Group upgraded Harbour Energy from a “hold” rating to a “buy” rating in a research report on Thursday, September 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Harbour Energy has a consensus rating of “Moderate Buy”.

Harbour Energy Stock Performance

The company has a debt-to-equity ratio of 0.88, a current ratio of 0.70 and a quick ratio of 0.59. The stock’s 50-day moving average price is $3.76 and its 200-day moving average price is $3.60.

About Harbour Energy

Harbour Energy plc is an independent oil and gas company headquartered in London, England. The company explores for, develops and produces hydrocarbons, with activities spanning the upstream energy value chain. Its portfolio includes oil and natural gas assets, and it also undertakes decommissioning work on mature fields and related infrastructure.

Harbour has historically maintained a significant presence in the United Kingdom’s North Sea and has expanded its international operations through acquisitions and new developments.