Insider Selling: Harbour Energy plc (LON:HBR) Insider Sells £13,705,198.54 in Stock

Harbour Energy plc (LON:HBR) insider Blair Thomas sold 6,653,009 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of GBX 206 ($2.67), for a total value of £13,705,198.54 ($17,743,654.25).

Harbour Energy Trading Up 1.6 %

Shares of LON HBR opened at GBX 209.50 ($2.71) on Friday. Harbour Energy plc has a 12-month low of GBX 177.90 ($2.30) and a 12-month high of GBX 333.90 ($4.32). The company has a market cap of £3.76 billion, a price-to-earnings ratio of 65.87, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 76.75. The stock’s 50 day simple moving average is GBX 226.52 and its 200 day simple moving average is GBX 249.95.

Harbour Energy Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Thursday, April 10th will be paid a $0.13 dividend. This represents a yield of 5.21%. This is a boost from Harbour Energy’s previous dividend of $0.13. The ex-dividend date is Thursday, April 10th. Harbour Energy’s dividend payout ratio (DPR) is presently 628.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Canaccord Genuity Group decreased their price objective on shares of Harbour Energy from GBX 360 ($4.66) to GBX 260 ($3.37) and set a “buy” rating for the company in a report on Friday, March 14th. Shore Capital reaffirmed a “not rated” rating on shares of Harbour Energy in a report on Thursday, January 23rd.

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.