Harbour Energy (LON:HBR) Shares Down 4.4% – Here’s What Happened

Harbour Energy plc (LON:HBR – Get Free Report)’s share price was down 4.4% on Monday. The stock traded as low as GBX 289.20 and last traded at GBX 294.60. Approximately 10,385,830 shares were traded during trading, a decline of 55% from the average daily volume of 23,093,455 shares. The stock had previously closed at GBX 308.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Harbour Energy from GBX 260 to GBX 280 and gave the company a “neutral” rating in a report on Monday, August 10th. Berenberg Bank restated a “hold” rating and set a GBX 245 price objective on shares of Harbour Energy in a report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Harbour Energy currently has an average rating of “Moderate Buy” and a consensus target price of GBX 311.

Check Out Our Latest Research Report on HBR

Harbour Energy Trading Down 0.1%

The stock has a market capitalization of £4.32 billion, a P/E ratio of 18.05, a P/E/G ratio of 0.04 and a beta of -0.23. The stock’s 50 day moving average price is GBX 278.91 and its 200-day moving average price is GBX 262.49. The company has a quick ratio of 0.33, a current ratio of 0.70 and a debt-to-equity ratio of 166.66.

Harbour Energy Company Profile

(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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