Harbour Energy (LON:HBR) Hits New 1-Year Low – Here’s What Happened

Harbour Energy plc (LON:HBR) shares hit a new 52-week low on Wednesday . The stock traded as low as GBX 150.10 ($1.99) and last traded at GBX 151.70 ($2.01), with a volume of 3084075 shares changing hands. The stock had previously closed at GBX 156 ($2.06).

Analysts Set New Price Targets

A number of research firms have issued reports on HBR. Canaccord Genuity Group decreased their price objective on shares of Harbour Energy from GBX 360 ($4.76) to GBX 260 ($3.44) and set a “buy” rating on the stock in a research report on Friday, March 14th. Shore Capital reissued a “not rated” rating on shares of Harbour Energy in a research note on Thursday, January 23rd.

Harbour Energy Trading Down 2.4 %

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 firm has a market capitalization of £2.73 billion, a PE ratio of 47.89, a P/E/G ratio of 0.04 and a beta of -0.23. The stock’s 50-day simple moving average is GBX 203.70 and its 200-day simple moving average is GBX 240.99.

Harbour Energy Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 21st. Investors of record on Thursday, April 10th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 5.21%. This is a boost from Harbour Energy’s previous dividend of $0.13. Harbour Energy’s payout ratio is currently 628.84%.

Insider Buying and Selling

In other Harbour Energy news, insider Blair Thomas sold 6,653,009 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of GBX 206 ($2.73), for a total transaction of £13,705,198.54 ($18,138,166.41). Also, insider Louise Hough bought 12,116 shares of the stock in a transaction dated Tuesday, April 8th. The shares were acquired at an average price of GBX 176 ($2.33) per share, with a total value of £21,324.16 ($28,221.49). Insiders purchased a total of 43,552 shares of company stock valued at $8,120,948 over the last three months. Corporate insiders own 64.08% of the company’s stock.

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.