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

Shares of Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY – Get Free Report) gapped up prior to trading on Thursday. The stock had previously closed at $3.42, but opened at $3.7050. Harbour Energy shares last traded at $3.61, with a volume of 412 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. The Goldman Sachs Group raised shares of Harbour Energy from a “hold” rating to a “buy” rating in a research note on Thursday, September 10th. Jefferies Financial Group cut Harbour Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Read Our Latest Research Report on HBRIY

Harbour Energy Trading Up 5.0%

The company has a fifty day moving average price of $3.57 and a two-hundred day moving average price of $3.63. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.59 and a current ratio of 0.70.

Harbour Energy Company Profile

(Get Free Report)

Harbour Energy plc is an independent oil and gas company headquartered in London, United Kingdom. The company explores for, develops and produces hydrocarbons, with operations focused primarily on offshore and other upstream assets.

Harbour Energy has historically maintained a significant presence in the United Kingdom Continental Shelf and has expanded its international portfolio through acquisitions and partnerships. Its activities have included oil and natural gas exploration, field development, production, processing and the decommissioning of mature assets.

In 2024, Harbour Energy completed the acquisition of substantially all of Wintershall Dea’s upstream assets outside Russia, broadening its operations across locations including Norway, Germany, Denmark, Egypt, Argentina and Mexico.

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