Harbour Energy (LON:HBR) Trading Up 1.3% – Should You Buy?

Harbour Energy plc (LON:HBR) shares were up 1.3% on Wednesday . The stock traded as high as GBX 256.50 ($3.27) and last traded at GBX 256 ($3.27). Approximately 621,323 shares changed hands during trading, a decline of 79% from the average daily volume of 2,944,217 shares. The stock had previously closed at GBX 252.80 ($3.22).

Harbour Energy Stock Up 1.3 %

The company has a debt-to-equity ratio of 89.42, a current ratio of 0.81 and a quick ratio of 0.33. The firm has a market cap of £3.66 billion, a price-to-earnings ratio of 2,844.44, a P/E/G ratio of 0.04 and a beta of -0.23. The firm’s 50 day moving average price is GBX 263.76 and its two-hundred day moving average price is GBX 282.96.

Insider Activity at Harbour Energy

In related news, insider Blair Thomas sold 8,200,000 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of GBX 265 ($3.38), for a total value of £21,730,000 ($27,720,372.50). 64.08% of the stock is owned by insiders.

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.