Harbour Energy plc (LON:HBR) Insider Linda Cook Sells 170,746 Shares

Harbour Energy plc (LON:HBR) insider Linda Cook sold 170,746 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of GBX 282 ($3.54), for a total transaction of £481,503.72 ($604,904.17).

Linda Cook also recently made the following trade(s):

• On Thursday, April 25th, Linda Cook bought 86,050 shares of Harbour Energy stock. The stock was purchased at an average price of GBX 286 ($3.59) per share, with a total value of £246,103 ($309,174.62).

Harbour Energy Trading Up 5.8 %

LON:HBR opened at GBX 295.76 ($3.72) on Thursday. The company has a market cap of £2.28 billion, a PE ratio of -349.22, a P/E/G ratio of 0.04 and a beta of -0.30. The business’s 50 day moving average is GBX 278.16 and its two-hundred day moving average is GBX 267.33. 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 plc has a 52 week low of GBX 210.50 ($2.64) and a 52 week high of GBX 328.90 ($4.13).

Harbour Energy Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, April 11th will be given a dividend of $0.13 per share. This represents a dividend yield of 3.73%. The ex-dividend date is Thursday, April 11th. This is an increase from Harbour Energy’s previous dividend of $0.12. Harbour Energy’s dividend payout ratio is currently -2,380.95%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 350 ($4.40) price objective on shares of Harbour Energy in a research report on Thursday, April 18th. Berenberg Bank upped their target price on Harbour Energy from GBX 250 ($3.14) to GBX 280 ($3.52) and gave the company a “hold” rating in a research report on Monday, February 19th.

About Harbour Energy

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.