Harbour Energy (LON:HBR) Shares Down 11.7% – Here’s Why

Harbour Energy plc (LON:HBR) shares fell 11.7% during mid-day trading on Thursday . The stock traded as low as GBX 184.60 ($2.38) and last traded at GBX 189.05 ($2.44). 9,060,795 shares traded hands during trading, an increase of 95% from the average session volume of 4,646,849 shares. The stock had previously closed at GBX 214 ($2.76).

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “not rated” rating on shares of Harbour Energy in a research note on Thursday, January 23rd.

Harbour Energy Stock Down 11.5 %

The firm has a market cap of £3.40 billion, a P/E ratio of 59.54, a PEG ratio of 0.04 and a beta of -0.23. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 76.75. The company’s 50 day simple moving average is GBX 249.01 and its 200-day simple moving average is GBX 259.92.

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.