Harbour Energy plc (OTCMKTS:HBRIY) Receives Average Recommendation of “Buy” from Brokerages

Harbour Energy plc (OTCMKTS:HBRIY – Get Rating) has been assigned a consensus rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $338.75.

A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Harbour Energy from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research note on Tuesday, April 26th. Peel Hunt downgraded Harbour Energy to a “buy” rating in a research note on Wednesday, April 20th. Finally, Barclays lifted their price target on Harbour Energy from GBX 570 ($7.03) to GBX 670 ($8.26) in a research note on Wednesday, April 6th.

Shares of HBRIY stock opened at $5.87 on Friday. Harbour Energy has a twelve month low of $4.19 and a twelve month high of $7.04. The business’s 50 day moving average is $6.06 and its two-hundred day moving average is $5.37.

The company also recently announced a dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Friday, April 8th will be given a dividend of $0.0968 per share. The ex-dividend date of this dividend is Thursday, April 7th. This represents a yield of 1.6%.

About Harbour Energy (Get Rating)

Harbour Energy plc, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas reserves. It holds 124 license interests and 48 producing fields in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico.

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