Harbour Energy (LON:HBR) Stock Price Up 1.7% – Time to Buy?

Harbour Energy plc (LON:HBR)’s stock price rose 1.7% on Thursday . The stock traded as high as GBX 213.45 ($2.87) and last traded at GBX 210.40 ($2.83). Approximately 3,782,200 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 9,097,188 shares. The stock had previously closed at GBX 206.80 ($2.78).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered their price target on Harbour Energy from GBX 360 ($4.85) to GBX 260 ($3.50) and set a “buy” rating on the stock in a report on Friday, March 14th.

Harbour Energy Trading Up 1.7%

The company has a market capitalization of £3.78 billion, a PE ratio of 66.15, a PEG ratio of 0.04 and a beta of -0.23. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 76.75. The stock has a fifty day moving average of GBX 174.59 and a two-hundred day moving average of GBX 212.23.

Insider Activity at Harbour Energy

In other news, insider Belgacem Chariag acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average cost of GBX 178 ($2.40) per share, with a total value of £35,600 ($47,939.67). Also, insider Louise Hough purchased 12,116 shares of Harbour Energy stock in a transaction that occurred on Tuesday, April 8th. The shares were bought at an average price of GBX 176 ($2.37) per share, for a total transaction of £21,324.16 ($28,715.54). In the last three months, insiders have bought 41,760 shares of company stock valued at $7,418,692. Corporate insiders own 64.08% of the company’s stock.

About Harbour Energy

Harbour Energy is the largest London-listed independent oil and gas company with significant positions in Norway, the UK, Germany, Argentina, Mexico, North Africa and South East Asia.