Harbour Energy (OTCMKTS:HBRIY) Shares Gap Up – Here’s Why

Shares of Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) gapped up prior to trading on Thursday. The stock had previously closed at $3.5810, but opened at $3.7001. Harbour Energy shares last traded at $3.7001, with a volume of 1,000 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on HBRIY shares. Jefferies Financial Group lowered shares of Harbour Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. The Goldman Sachs Group upgraded shares of Harbour Energy from a “hold” rating to a “buy” rating in a report on Thursday, September 10th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Harbour Energy Stock Down 2.2%

The stock has a 50-day moving average price of $3.56 and a 200 day moving average price of $3.65. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.70 and a quick ratio of 0.94.

Harbour Energy Company Profile

Harbour Energy plc is an independent oil and natural gas company headquartered in London. The company explores for, develops and produces hydrocarbons, with activities spanning the upstream energy value chain from exploration and appraisal through field development, production and decommissioning.

Harbour’s portfolio includes interests in producing and developing oil and gas fields, as well as exploration licenses and infrastructure supporting offshore and onshore operations. Its activities have included production from the United Kingdom Continental Shelf and international operations in countries such as Norway, Germany, Denmark, Egypt, Argentina and Mexico.

The company was established as Chrysaor in 2014 and became Harbour Energy following its combination with Premier Oil in 2021.