Harbour Energy (OTCMKTS:HBRIY) Shares Gap Up – Still a Buy?

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) gapped up before the market opened on Wednesday . The stock had previously closed at $3.10, but opened at $3.39. Harbour Energy shares last traded at $3.39, with a volume of 116 shares.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of Harbour Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Harbour Energy Price Performance

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

Harbour Energy Company Profile

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.