Harbour Energy plc (LON:HBR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Harbour Energy plc (LON:HBR) have earned an average recommendation of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 284.60.

A number of brokerages have issued reports on HBR. JPMorgan Chase & Co. boosted their target price on shares of Harbour Energy from GBX 278 to GBX 318 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Berenberg Bank reissued a “hold” rating and set a GBX 225 target price on shares of Harbour Energy in a report on Thursday, March 5th.

Insiders Place Their Bets

In other Harbour Energy news, insider Alexander Krane sold 421,062 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of GBX 267, for a total transaction of £1,124,235.54. Also, insider Blair Thomas sold 60,000,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of GBX 255, for a total transaction of £153,000,000. Insiders own 1.96% of the company’s stock.

Harbour Energy Trading Up 2.8%

Shares of HBR stock opened at GBX 296.13 on Friday. The company’s fifty day simple moving average is GBX 273.46 and its two-hundred day simple moving average is GBX 233.47. The company has a debt-to-equity ratio of 20.81, a current ratio of 1.04 and a quick ratio of 0.33. Harbour Energy has a 1 year low of GBX 146.40 and a 1 year high of GBX 321. The stock has a market capitalization of £4.65 billion, a price-to-earnings ratio of -18.51, a PEG ratio of 0.04 and a beta of -0.23.

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.