Harbour Energy (LON:HBR) Hits New 12-Month Low – What’s Next?

Harbour Energy plc (LON:HBR)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 177.90 ($2.30) and last traded at GBX 179.15 ($2.32), with a volume of 3788219 shares trading hands. The stock had previously closed at GBX 185.50 ($2.40).

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 Stock Down 3.3 %

The firm has a market capitalization of £3.22 billion, a price-to-earnings ratio of 56.39, a P/E/G ratio of 0.04 and a beta of -0.23. The business’s 50-day moving average is GBX 244.08 and its two-hundred day moving average is GBX 257.33. The company has a debt-to-equity ratio of 76.75, a quick ratio of 0.33 and a current ratio of 0.82.

Insider Activity at Harbour Energy

In other news, insider Alan M. Ferguson bought 21,436 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of GBX 187 ($2.42) per share, with a total value of £40,085.32 ($51,897.10). Also, insider Simon Henry bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of GBX 198 ($2.56) per share, with a total value of £19,800 ($25,634.39). 64.08% of the stock is currently owned by corporate 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.