Harbour Energy (LON:HBR) Given Buy Rating at Jefferies Financial Group

Harbour Energy (LON:HBR)‘s stock had its “buy” rating restated by stock analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 350 ($4.36) price objective on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 24.82% from the company’s current price.

Separately, Berenberg Bank increased their price objective on Harbour Energy from GBX 250 ($3.11) to GBX 280 ($3.49) and gave the company a “hold” rating in a research report on Monday, February 19th.

Harbour Energy Price Performance

Shares of LON:HBR opened at GBX 280.40 ($3.49) on Thursday. The company has a market cap of £2.16 billion, a price-to-earnings ratio of -333.81, a PEG ratio of 0.04 and a beta of -0.30. The business has a 50 day moving average price of GBX 271.56 and a 200 day moving average price of GBX 264.54. The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 76.75. Harbour Energy has a twelve month low of GBX 210.50 ($2.62) and a twelve month high of GBX 328.90 ($4.09).

Insider Activity at Harbour Energy

In other news, insider Louise Hough purchased 6,800 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were purchased at an average cost of GBX 289 ($3.60) per share, for a total transaction of £19,652 ($24,464.09). In other news, insider Alan M. Ferguson bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was acquired at an average cost of GBX 283 ($3.52) per share, for a total transaction of £28,300 ($35,229.68). Also, insider Louise Hough bought 6,800 shares of Harbour Energy stock in a transaction that occurred on Friday, April 12th. The stock was purchased at an average cost of GBX 289 ($3.60) per share, with a total value of £19,652 ($24,464.09). 33.70% of the stock is owned by corporate insiders.

About Harbour Energy

Harbour Energy plc, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas reserves. It holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. The company was incorporated in 2002 and is headquartered in London, the United Kingdom.