Harbour Energy plc (LON:HBR) Insider Linda Cook Purchases 86,050 Shares

Harbour Energy plc (LON:HBR) insider Linda Cook purchased 86,050 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was bought at an average cost of GBX 286 ($3.53) per share, for a total transaction of £246,103 ($303,980.98).

Harbour Energy Stock Performance

HBR opened at GBX 293.40 ($3.62) on Friday. The business has a fifty day simple moving average of GBX 273.97 and a 200 day simple moving average of GBX 266.04. The company has a market capitalization of £2.26 billion, a PE ratio of -349.29, a price-to-earnings-growth ratio of 0.04 and a beta of -0.30. Harbour Energy plc has a 1 year low of GBX 210.50 ($2.60) and a 1 year high of GBX 328.90 ($4.06). 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 Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, April 11th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This is an increase from Harbour Energy’s previous dividend of $0.12. This represents a dividend yield of 3.73%. Harbour Energy’s dividend payout ratio is -2,380.95%.

Analyst Ratings Changes

A number of equities analysts have issued reports on HBR shares. Berenberg Bank increased their target price on Harbour Energy from GBX 250 ($3.09) to GBX 280 ($3.46) and gave the stock a “hold” rating in a report on Monday, February 19th. Jefferies Financial Group restated a “buy” rating and issued a GBX 350 ($4.32) price objective on shares of Harbour Energy in a report on Thursday, April 18th.

Harbour Energy Company Profile

Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves. The company holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. It is also involved in the decommissioning, financing, gas trading, and risk mitigation activities.