Harbour Energy (LON:HBR) Trading Down 1.3%

Harbour Energy plc (LON:HBR)’s stock price fell 1.3% during trading on Friday . The company traded as low as GBX 302.90 ($3.85) and last traded at GBX 307.20 ($3.90). 4,090,073 shares changed hands during trading, an increase of 57% from the average session volume of 2,606,698 shares. The stock had previously closed at GBX 311.10 ($3.95).

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 350 ($4.45) price objective on shares of Harbour Energy in a research report on Thursday, April 18th.

Harbour Energy Stock Down 1.3 %

The firm has a market cap of £2.35 billion, a price-to-earnings ratio of 10,240.00, a P/E/G ratio of 0.04 and a beta of -0.29. The firm’s 50 day moving average price is GBX 300.79 and its two-hundred day moving average price is GBX 282.87. The company has a debt-to-equity ratio of 76.75, a current ratio of 0.82 and a quick ratio of 0.33.

Insider Activity at Harbour Energy

In other Harbour Energy news, insider Linda Cook sold 5,702 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of GBX 313 ($3.98), for a total value of £17,847.26 ($22,677.59). In other Harbour Energy news, insider Louise Hough acquired 6,800 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was acquired at an average cost of GBX 289 ($3.67) per share, with a total value of £19,652 ($24,970.78). Also, insider Linda Cook sold 5,702 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of GBX 313 ($3.98), for a total transaction of £17,847.26 ($22,677.59). Over the last 90 days, insiders bought 102,850 shares of company stock worth $29,405,500 and sold 329,627 shares worth $92,212,502. 33.48% of the stock is owned by insiders.

About Harbour Energy

Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves. The company holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. It is also involved in the decommissioning, financing, gas trading, and risk mitigation activities.