Harbour Energy (LON:HBR) Stock Price Down 11.7% – Here’s What Happened

Harbour Energy plc (LON:HBR)’s share price dropped 11.7% during mid-day trading on Thursday . The stock traded as low as GBX 184.60 ($2.39) and last traded at GBX 189.05 ($2.44). Approximately 9,060,795 shares changed hands during trading, an increase of 95% from the average daily volume of 4,646,849 shares. The stock had previously closed at GBX 214 ($2.77).

Analyst Ratings Changes

Separately, Shore Capital restated a “not rated” rating on shares of Harbour Energy in a research report on Thursday, January 23rd.

Harbour Energy Price Performance

The company has a market capitalization of £3.40 billion, a price-to-earnings ratio of 59.57, a P/E/G ratio of 0.04 and a beta of -0.23. The company has a debt-to-equity ratio of 76.75, a quick ratio of 0.33 and a current ratio of 0.82. The company has a fifty day simple moving average of GBX 247.85 and a two-hundred day simple moving average of GBX 259.26.

Insider Transactions at Harbour Energy

In other news, insider Simon Henry acquired 10,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of GBX 198 ($2.56) per share, for a total transaction of £19,800 ($25,591.31). Insiders own 64.08% of the company’s stock.

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.