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

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

Analysts Set New Price Targets

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

Harbour Energy Trading Up 0.0 %

The stock has a fifty day moving average of GBX 247.85 and a 200 day moving average of GBX 259.26. 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 market capitalization of £3.40 billion, a PE ratio of 59.57, a PEG ratio of 0.04 and a beta of -0.23.

Insider Buying and Selling

In other news, insider Simon Henry acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of GBX 198 ($2.56) per share, with a total value of £19,800 ($25,591.31). 64.08% of the stock is owned by insiders.

Harbour Energy Company Profile

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.