Harbour Energy (LON:HBR) Stock Price Up 2.7% – Still a Buy?

Shares of Harbour Energy plc (LON:HBRGet Free Report) shot up 2.7% during trading on Monday . The company traded as high as GBX 282.40 and last traded at GBX 279.95. Approximately 6,744,211 shares changed hands during trading, a decline of 72% from the average daily volume of 23,939,520 shares. The stock had previously closed at GBX 272.60.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HBR shares. Canaccord Genuity Group lowered their price objective on shares of Harbour Energy from GBX 450 to GBX 425 and set a “buy” rating on the stock in a report on Wednesday, June 24th. JPMorgan Chase & Co. lifted their price objective on shares of Harbour Energy from GBX 260 to GBX 280 and gave the company a “neutral” rating in a report on Monday, August 10th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 245 target price on shares of Harbour Energy in a research report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 311.

View Our Latest Stock Report on Harbour Energy

Harbour Energy Price Performance

The company has a fifty day moving average of GBX 247.44 and a 200-day moving average of GBX 263.77. The firm has a market cap of £4.38 billion, a P/E ratio of 17.50, a P/E/G ratio of 0.04 and a beta of -0.23. The company has a debt-to-equity ratio of 166.66, a current ratio of 0.70 and a quick ratio of 0.33.

Insiders Place Their Bets

In other Harbour Energy news, insider Blair Thomas sold 54,775,572 shares of Harbour Energy stock in a transaction on Friday, July 3rd. The shares were sold at an average price of GBX 205, for a total transaction of £112,289,922.60. Company insiders own 1.49% of the company’s stock.

About Harbour Energy

(Get Free Report)

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.

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