Harbour Energy (LON:HBR) Insider Blair Thomas Sells 60,000,000 Shares of Stock

Harbour Energy plc (LON:HBR) insider Blair Thomas sold 60,000,000 shares of Harbour Energy stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of GBX 255, for a total transaction of £153,000,000.

Harbour Energy Price Performance

Shares of LON:HBR opened at GBX 290.40 on Tuesday. The company’s fifty day moving average price is GBX 232.72 and its 200 day moving average price is GBX 219.95. The company has a debt-to-equity ratio of 20.81, a current ratio of 1.04 and a quick ratio of 0.33. Harbour Energy plc has a 12 month low of GBX 146.40 and a 12 month high of GBX 300.60. The firm has a market capitalization of £4.56 billion, a P/E ratio of -9.88, a P/E/G ratio of 0.04 and a beta of -0.23.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HBR. JPMorgan Chase & Co. lifted their price objective on Harbour Energy from GBX 270 to GBX 278 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Peel Hunt restated a “buy” rating and issued a GBX 270 price target on shares of Harbour Energy in a research note on Monday, December 15th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 225 price objective on shares of Harbour Energy in a report on Thursday, March 5th. Finally, Canaccord Genuity Group increased their price objective on Harbour Energy from GBX 292 to GBX 320 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 276.60.

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.