Harbour Energy (LON:HBR) Trading 2.7% Higher – Here’s What Happened

Harbour Energy plc (LON:HBR) shares rose 2.7% on Monday . The stock traded as high as GBX 282.40 and last traded at GBX 279.95. 6,744,211 shares traded hands during trading, a decline of 72% from the average daily volume of 23,939,520 shares. The stock had previously closed at GBX 272.60.

Analyst Ratings Changes

A number of research firms recently weighed in on HBR. JPMorgan Chase & Co. increased their price target on Harbour Energy from GBX 260 to GBX 280 and gave the company a “neutral” rating in a research report on Monday, August 10th. Berenberg Bank restated a “hold” rating and set a GBX 245 price objective on shares of Harbour Energy in a report on Thursday, August 6th. Finally, Canaccord Genuity Group reduced their price objective on shares of Harbour Energy from GBX 450 to GBX 425 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 311.

Harbour Energy Trading Down 1.1%

The firm has a market capitalization of £4.34 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. The company has a current ratio of 0.70, a quick ratio of 0.33 and a debt-to-equity ratio of 166.66. The company has a fifty day moving average price of GBX 248.71 and a 200-day moving average price of GBX 264.03.

Insiders Place Their Bets

In other Harbour Energy news, insider Blair Thomas sold 54,775,572 shares of Harbour Energy stock in a transaction that occurred 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 1.49% of the company’s stock.

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.