Harbour Energy (LON:HBR) Trading Down 0.6% – Time to Sell?

Shares of Harbour Energy plc (LON:HBR) were down 0.6% on Tuesday . The company traded as low as GBX 225.80 and last traded at GBX 228.11. Approximately 1,195,577 shares traded hands during trading, a decline of 90% from the average daily volume of 11,476,749 shares. The stock had previously closed at GBX 229.60.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Berenberg Bank raised their price objective on shares of Harbour Energy from GBX 195 to GBX 225 and gave the company a “hold” rating in a research report on Tuesday, January 27th. Canaccord Genuity Group raised their price target on shares of Harbour Energy from GBX 292 to GBX 320 and gave the company a “buy” rating in a report on Thursday, December 18th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 270 price target on shares of Harbour Energy in a report on Monday, December 15th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 280.60.

Harbour Energy Price Performance

The business’s fifty day moving average price is GBX 211.79 and its 200-day moving average price is GBX 215.60. The company has a market capitalization of £3.23 billion, a P/E ratio of -7.86, a P/E/G 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.

Harbour Energy Company Profile

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.