Harbour Energy (LON:HBR) Receives Buy Rating from Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Harbour Energy (LON:HBR) in a report released on Thursday morning, MarketBeat.com reports. They currently have a GBX 350 ($4.36) price target on the stock.

Separately, Berenberg Bank lifted their price objective on shares of Harbour Energy from GBX 250 ($3.11) to GBX 280 ($3.49) and gave the stock a hold rating in a research note on Monday, February 19th.

Harbour Energy Stock Performance

Shares of HBR opened at GBX 279.08 ($3.47) on Thursday. The firm’s 50 day moving average is GBX 271.14 and its 200-day moving average is GBX 264.36. The stock has a market capitalization of £2.15 billion, a P/E ratio of -337.26, a P/E/G ratio of 0.04 and a beta of -0.30. The company has a debt-to-equity ratio of 76.75, a current ratio of 0.82 and a quick ratio of 0.33. Harbour Energy has a 12-month low of GBX 210.50 ($2.62) and a 12-month high of GBX 328.90 ($4.09).

Harbour Energy Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, April 11th will be issued a $0.13 dividend. This represents a dividend yield of 3.73%. This is a boost from Harbour Energy’s previous dividend of $0.12. The ex-dividend date is Thursday, April 11th. Harbour Energy’s dividend payout ratio (DPR) is presently -2,380.95%.

Insiders Place Their Bets

In related news, insider Alexander Krane sold 153,179 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of GBX 276 ($3.44), for a total transaction of £422,774.04 ($526,296.58). In other Harbour Energy news, insider Alan M. Ferguson acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were purchased at an average price of GBX 283 ($3.52) per share, with a total value of £28,300 ($35,229.68). Also, insider Alexander Krane sold 153,179 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of GBX 276 ($3.44), for a total transaction of £422,774.04 ($526,296.58). Corporate insiders own 33.70% of the company’s stock.

Harbour Energy Company Profile

Harbour Energy plc, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas reserves. It holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. The company was incorporated in 2002 and is headquartered in London, the United Kingdom.