Harbour Energy (OTCMKTS:HBRIY) Sees Unusually-High Trading Volume – Here’s Why

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) shares saw unusually-high trading volume on Friday. 73,609 shares changed hands during mid-day trading, an increase of 73% from the previous session’s volume of 42,652 shares. The stock last traded at $3.97 and had previously closed at $4.01.

Analyst Ratings Changes

A number of research firms have weighed in on HBRIY. The Goldman Sachs Group upgraded shares of Harbour Energy from a “hold” rating to a “buy” rating in a research report on Thursday, September 10th. Barclays reissued an “overweight” rating on shares of Harbour Energy in a research note on Monday, October 5th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Harbour Energy Stock Performance

The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.59 and a current ratio of 0.70. The stock’s 50 day simple moving average is $3.70 and its 200-day simple moving average is $3.61.

About Harbour Energy

Harbour Energy plc is an independent oil and gas company headquartered in London, England. The company explores for, develops and produces hydrocarbons, with activities spanning the upstream energy value chain. Its portfolio includes oil and natural gas assets, and it also undertakes decommissioning work on mature fields and related infrastructure.

Harbour has historically maintained a significant presence in the United Kingdom’s North Sea and has expanded its international operations through acquisitions and new developments.