Harbour Energy (OTCMKTS:HBRIY) Rating Lowered to “Strong Sell” at The Goldman Sachs Group

Harbour Energy (OTCMKTS:HBRIY) was downgraded by The Goldman Sachs Group from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

Harbour Energy Stock Performance

Shares of HBRIY opened at $3.03 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.80. Harbour Energy has a one year low of $2.08 and a one year high of $3.83. The business has a fifty day moving average of $2.87 and a 200 day moving average of $2.96.

Harbour Energy Company Profile

Harbour Energy PLC (OTCMKTS: HBRIY) is a London-based independent oil and gas exploration and production company formed in July 2021 through the merger of Premier Oil and Chrysaor. As the largest UK-listed E&P group by production, the company focuses on developing and operating a diversified portfolio of upstream assets to deliver long-term value through stable cash flow and disciplined capital allocation.

The company’s core business activities encompass the exploration, development and production of crude oil and natural gas.