Harbour Energy plc (LON:HBR) Insider Sells £13,705,198.54 in Stock

Harbour Energy plc (LON:HBR) insider Blair Thomas sold 6,653,009 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of GBX 206 ($2.66), for a total value of £13,705,198.54 ($17,709,262.88).

Harbour Energy Stock Up 4.0 %

Harbour Energy stock traded up GBX 7.75 ($0.10) during trading hours on Tuesday, hitting GBX 203.20 ($2.63). The company had a trading volume of 7,995,645 shares, compared to its average volume of 10,748,111. 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 plc has a fifty-two week low of GBX 177.90 ($2.30) and a fifty-two week high of GBX 333.90 ($4.31). The firm’s fifty day moving average is GBX 231.25 and its 200-day moving average is GBX 251.27. The firm has a market capitalization of £3.65 billion, a P/E ratio of 63.89, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23.

Harbour Energy Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.13 per share. This is a positive change from Harbour Energy’s previous dividend of $0.13. This represents a yield of 5.21%. The ex-dividend date of this dividend is Thursday, April 10th. Harbour Energy’s dividend payout ratio (DPR) is 628.84%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group lowered their price target on shares of Harbour Energy from GBX 360 ($4.65) to GBX 260 ($3.36) and set a “buy” rating for the company in a report on Friday, March 14th. Shore Capital reissued a “not rated” rating on shares of Harbour Energy in a research note on Thursday, January 23rd.

About Harbour Energy

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.