Harbour Energy (OTCMKTS:HBRIY) Shares Up 7.1% – What’s Next?

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) shares were up 7.1% during mid-day trading on Tuesday . The stock traded as high as $3.34 and last traded at $3.34. Approximately 2,134 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 16,516 shares. The stock had previously closed at $3.12.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered Harbour Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Harbour Energy Price Performance

The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 0.93. The stock has a fifty day moving average price of $2.91 and a 200 day moving average price of $2.98.

About Harbour Energy

Harbour Energy PLC (OTCMKTS: HBRIY) is a London-based independent oil and gas exploration and production company formed in July 2021 through the merger of Premier Oil and Chrysaor. As the largest UK-listed E&P group by production, the company focuses on developing and operating a diversified portfolio of upstream assets to deliver long-term value through stable cash flow and disciplined capital allocation.

The company’s core business activities encompass the exploration, development and production of crude oil and natural gas.