Harbour Energy plc (LON:HBR) Insider Buys £246,103 in Stock

Harbour Energy plc (LON:HBR) insider Linda Cook bought 86,050 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was bought at an average cost of GBX 286 ($3.53) per share, for a total transaction of £246,103 ($303,980.98).

Harbour Energy Stock Up 2.2 %

Shares of LON HBR opened at GBX 293.52 ($3.63) on Friday. Harbour Energy plc has a one year low of GBX 210.50 ($2.60) and a one year high of GBX 328.90 ($4.06). The company has a debt-to-equity ratio of 76.75, a current ratio of 0.82 and a quick ratio of 0.33. The firm’s 50 day simple moving average is GBX 273.41 and its two-hundred day simple moving average is GBX 265.76. The stock has a market capitalization of £2.26 billion, a P/E ratio of -341.90, a PEG ratio of 0.04 and a beta of -0.30.

Harbour Energy Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Thursday, April 11th will be issued a $0.13 dividend. This is a boost from Harbour Energy’s previous dividend of $0.12. The ex-dividend date of this dividend is Thursday, April 11th. This represents a dividend yield of 3.73%. Harbour Energy’s dividend payout ratio (DPR) is currently -2,380.95%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on HBR shares. Berenberg Bank increased their price target on shares of Harbour Energy from GBX 250 ($3.09) to GBX 280 ($3.46) and gave the company a “hold” rating in a research report on Monday, February 19th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 350 ($4.32) price target on shares of Harbour Energy in a research report on Thursday, April 18th.

Harbour Energy Company Profile

Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves. The company holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. It is also involved in the decommissioning, financing, gas trading, and risk mitigation activities.