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

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY – Get Free Report)’s share price gapped up before the market opened 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 changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Jefferies Financial Group downgraded Harbour Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. 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. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Harbour Energy has a consensus rating of “Moderate Buy”.

Get Our Latest Analysis on HBRIY

Harbour Energy Trading Up 1.4%

The company has a quick ratio of 0.94, a current ratio of 1.04 and a debt-to-equity ratio of 0.79. The company has a fifty day moving average price of $3.54 and a 200 day moving average price of $3.65.

Harbour Energy Company Profile

(Get Free Report)

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.

Further Reading

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