Blair Thomas Sells 6,653,009 Shares of Harbour Energy plc (LON:HBR) Stock

Harbour Energy plc (LON:HBR) insider Blair Thomas sold 6,653,009 shares of Harbour Energy stock in a transaction dated Friday, March 21st. The stock was sold at an average price of GBX 206 ($2.65), for a total transaction of £13,705,198.54 ($17,645,421.06).

Harbour Energy Stock Performance

LON HBR opened at GBX 205.10 ($2.64) on Thursday. The firm has a 50-day moving average price of GBX 228.14 and a two-hundred day moving average price of GBX 250.23. Harbour Energy plc has a 12-month low of GBX 177.90 ($2.29) and a 12-month high of GBX 333.90 ($4.30). The company has a market capitalization of £3.68 billion, a P/E ratio of 64.49, a P/E/G ratio of 0.04 and a beta of -0.23. The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 76.75.

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 paid a $0.13 dividend. This is a boost from Harbour Energy’s previous dividend of $0.13. This represents a dividend yield of 5.21%. The ex-dividend date is Thursday, April 10th. Harbour Energy’s payout ratio is 628.84%.

Analyst Ratings Changes

Several research firms have recently commented on HBR. Canaccord Genuity Group decreased their target price on Harbour Energy from GBX 360 ($4.63) to GBX 260 ($3.35) and set a “buy” rating on the stock in a research report on Friday, March 14th. Shore Capital reaffirmed a “not rated” rating on shares of Harbour Energy in a report on Thursday, January 23rd.

About Harbour Energy

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.