Harbour Energy (LON:HBR) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Harbour Energy (LON:HBR) in a research report released on Tuesday, MarketBeat.com reports. The brokerage issued an overweight rating and a GBX 298 price target on the stock.

Other equities analysts also recently issued research reports about the company. Canaccord Genuity Group increased their price target on Harbour Energy from GBX 275 to GBX 285 and gave the stock a “buy” rating in a research report on Friday, August 8th. Berenberg Bank increased their price target on Harbour Energy from GBX 200 to GBX 220 and gave the stock a “hold” rating in a research report on Friday, August 8th. Finally, Shore Capital reissued a “no recommendation” rating on shares of Harbour Energy in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 267.67.

Harbour Energy Stock Performance

Shares of Harbour Energy stock opened at GBX 226.60 on Tuesday. The stock’s fifty day moving average is GBX 210.79 and its two-hundred day moving average is GBX 195.64. The company has a market capitalization of £3.24 billion, a PE ratio of -2,266.00, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. 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 52 week low of GBX 146.40 and a 52 week high of GBX 297.20.

Harbour Energy announced that its Board of Directors has authorized a share repurchase program on Thursday, August 7th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.