Harbour Energy (LON:HBR) Shares Up 2.7% – Still a Buy?

Shares of Harbour Energy plc (LON:HBR – Get Free Report) traded up 2.7% during mid-day trading on Monday . The company traded as high as GBX 282.40 and last traded at GBX 279.95. 6,744,211 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 23,939,520 shares. The stock had previously closed at GBX 272.60.

Analyst Ratings Changes

Several equities analysts have commented on HBR shares. JPMorgan Chase & Co. lifted their target price on shares of Harbour Energy from GBX 260 to GBX 280 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Canaccord Genuity Group reduced their target price on Harbour Energy from GBX 450 to GBX 425 and set a “buy” rating for the company in a report on Wednesday, June 24th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 245 price target on shares of Harbour Energy in a research report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 311.

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Harbour Energy Trading Up 2.7%

The company has a quick ratio of 0.33, a current ratio of 0.70 and a debt-to-equity ratio of 166.66. The firm has a market cap of £4.38 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. The firm’s 50-day simple moving average is GBX 247.44 and its 200 day simple moving average is GBX 263.77.

Insider Activity

In other news, insider Blair Thomas sold 54,775,572 shares of the firm’s stock in a transaction that occurred on Friday, July 3rd. The shares were sold at an average price of GBX 205, for a total transaction of £112,289,922.60. 1.49% of the stock is currently owned by insiders.

About Harbour Energy

(Get Free Report)

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.

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