Harbour Energy (LON:HBR) Trading 1.3% Higher – Still a Buy?

Harbour Energy plc (LON:HBR)’s stock price shot up 1.3% during mid-day trading on Wednesday . The company traded as high as GBX 256.50 ($3.24) and last traded at GBX 256 ($3.23). 621,323 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 2,944,217 shares. The stock had previously closed at GBX 252.80 ($3.19).

Harbour Energy Stock Down 0.4 %

The firm has a fifty day moving average of GBX 262.88 and a 200-day moving average of GBX 282.59. The company has a quick ratio of 0.33, a current ratio of 0.81 and a debt-to-equity ratio of 89.42. The firm has a market cap of £3.66 billion, a P/E ratio of 2,846.67, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23.

Insiders Place Their Bets

In other Harbour Energy news, insider Blair Thomas sold 8,200,000 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of GBX 265 ($3.34), for a total value of £21,730,000 ($27,426,479.87). Insiders own 64.08% of the company’s stock.

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.