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

Harbour Energy plc (LON:HBR)’s share price fell 11.7% during trading on Thursday . The stock traded as low as GBX 184.60 ($2.38) and last traded at GBX 189.05 ($2.44). 9,060,795 shares traded hands during mid-day trading, an increase of 95% from the average session volume of 4,646,849 shares. The stock had previously closed at GBX 214 ($2.76).

Wall Street Analysts Forecast Growth

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 11.5 %

The company has a 50-day moving average price of GBX 249.01 and a 200 day moving average price of GBX 259.92. The firm has a market capitalization of £3.40 billion, a PE ratio of 59.54, 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 current ratio of 0.82 and a quick ratio of 0.33.

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.