Insider Buying: Harbour Energy plc (LON:HBR) Insider Purchases 20,000 Shares of Stock

Harbour Energy plc (LON:HBR) insider Belgacem Chariag purchased 20,000 shares of Harbour Energy stock in a transaction on Monday, May 12th. The stock was bought at an average cost of GBX 178 ($2.37) per share, for a total transaction of £35,600 ($47,378.23).

Harbour Energy Trading Down 1.4%

HBR opened at GBX 178.13 ($2.37) on Friday. Harbour Energy plc has a one year low of GBX 146.40 ($1.95) and a one year high of GBX 333.90 ($4.44). The company has a market cap of £3.20 billion, a P/E ratio of 56.01, a PEG ratio of 0.04 and a beta of -0.23. The company has a debt-to-equity ratio of 76.75, a quick ratio of 0.33 and a current ratio of 0.82. The business’s 50-day simple moving average is GBX 175.54 and its 200-day simple moving average is GBX 224.93.

Harbour Energy Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 5.21%. This is an increase from Harbour Energy’s previous dividend of $0.13. Harbour Energy’s dividend payout ratio is presently 628.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HBR shares. Canaccord Genuity Group reduced their price target on Harbour Energy from GBX 360 ($4.79) to GBX 260 ($3.46) and set a “buy” rating on the stock in a research report on Friday, March 14th. Shore Capital reaffirmed a “not rated” rating on shares of Harbour Energy in a research report on Thursday, January 23rd.

Harbour Energy Company Profile

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.