Harbour Energy plc (LON:HBR) Given Consensus Recommendation of “Buy” by Brokerages

Harbour Energy plc (LON:HBRGet Rating) has earned an average recommendation of “Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 21 ($0.28).

A number of research firms have weighed in on HBR. Canaccord Genuity Group upgraded Harbour Energy to a “buy” rating in a research note on Tuesday, January 11th. Barclays reiterated an “overweight” rating on shares of Harbour Energy in a research report on Tuesday, March 29th. Berenberg Bank reaffirmed a “hold” rating on shares of Harbour Energy in a report on Friday, January 14th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Harbour Energy in a report on Wednesday, February 9th.

LON:HBR opened at GBX 490.80 ($6.44) on Monday. The company has a debt-to-equity ratio of 747.69, a current ratio of 0.56 and a quick ratio of 0.30. The company’s fifty day moving average price is GBX 408.65 and its 200-day moving average price is GBX 384.40. Harbour Energy has a 1-year low of GBX 284 ($3.72) and a 1-year high of GBX 507.33 ($6.65). The firm has a market capitalization of £4.54 billion and a P/E ratio of 55.15.

The company also recently disclosed a dividend, which will be paid on Wednesday, May 18th. Investors of record on Thursday, April 7th will be paid a $0.11 dividend. This represents a yield of 2.11%. The ex-dividend date is Thursday, April 7th. Harbour Energy’s dividend payout ratio is currently 89.89%.

Harbour Energy Company Profile (Get Rating)

Harbour Energy plc operates as an independent oil and gas company. It holds interests in various properties located in the United Kingdom, Norway, Indonesia, Vietnam, Brazil, Falkland Islands, Mauritania, and Mexico. The company was founded in 2007 and is based in Edinburgh, the United Kingdom.

Further Reading

Analyst Recommendations for Harbour Energy (LON:HBR)

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