Harbour Energy plc (LON:HBR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Harbour Energy plc (LON:HBR) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 312.67.

HBR has been the subject of a number of research reports. Berenberg Bank cut their price objective on Harbour Energy from GBX 255 to GBX 245 and set a “hold” rating for the company in a report on Friday, May 8th. Canaccord Genuity Group decreased their price objective on Harbour Energy from GBX 450 to GBX 425 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Jefferies Financial Group restated a “buy” rating and issued a GBX 295 target price on shares of Harbour Energy in a research report on Friday, May 8th. JPMorgan Chase & Co. cut their target price on Harbour Energy from GBX 318 to GBX 290 and set a “neutral” rating for the company in a research note on Thursday, June 4th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a GBX 351 price target on shares of Harbour Energy in a research report on Thursday, May 7th.

Harbour Energy Stock Down 1.4%

HBR opened at GBX 238.11 on Tuesday. The stock has a market cap of £3.74 billion, a PE ratio of -14.88, 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 1.04 and a debt-to-equity ratio of 20.81. Harbour Energy has a 52 week low of GBX 182 and a 52 week high of GBX 321. The business’s fifty day simple moving average is GBX 247.75 and its 200 day simple moving average is GBX 254.89.

Insider Buying and Selling at Harbour Energy

In other news, insider Blair Thomas sold 54,775,572 shares of the company’s stock in a transaction on Friday, July 3rd. The shares were sold at an average price of GBX 205, for a total value of £112,289,922.60. Insiders own 1.78% 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.