Insider Buying: Harbour Energy plc (LON:HBR) Insider Acquires 6,800 Shares of Stock

Harbour Energy plc (LON:HBR) insider Louise Hough purchased 6,800 shares of Harbour Energy stock in a transaction that occurred on Friday, April 12th. The stock was bought at an average cost of GBX 289 ($3.60) per share, for a total transaction of £19,652 ($24,464.09).

Harbour Energy Trading Down 2.8 %

HBR stock opened at GBX 289.50 ($3.60) on Thursday. The company has a market capitalization of £2.23 billion, a PE ratio of -348.26, a P/E/G ratio of 0.04 and a beta of -0.30. Harbour Energy plc has a 12 month low of GBX 210.50 ($2.62) and a 12 month high of GBX 328.90 ($4.09). The firm’s 50-day moving average is GBX 270.59 and its 200 day moving average is GBX 264.22. 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 Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, April 11th will be paid a $0.13 dividend. This represents a yield of 3.73%. The ex-dividend date is Thursday, April 11th. This is an increase from Harbour Energy’s previous dividend of $0.12. Harbour Energy’s dividend payout ratio (DPR) is currently -2,380.95%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their price target on shares of Harbour Energy from GBX 250 ($3.11) to GBX 280 ($3.49) and gave the stock a “hold” rating in a research note on Monday, February 19th.

Harbour Energy Company Profile

Harbour Energy plc, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas reserves. It holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. The company was incorporated in 2002 and is headquartered in London, the United Kingdom.