Harbour Energy (LON:HBR) Stock Price Down 2% – Here’s Why

Harbour Energy plc (LON:HBR)’s share price traded down 2% during trading on Monday . The stock traded as low as GBX 264.50 ($3.43) and last traded at GBX 268.40 ($3.48). 815,230 shares were traded during trading, a decline of 74% from the average session volume of 3,187,608 shares. The stock had previously closed at GBX 273.90 ($3.55).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their target price on Harbour Energy from GBX 360 ($4.67) to GBX 385 ($4.99) and gave the stock a “buy” rating in a research note on Thursday, July 11th.

Harbour Energy Trading Up 3.8 %

The stock has a market cap of £3.92 billion, a PE ratio of 3,043.33, a P/E/G ratio of 0.04 and a beta of -0.23. The company has a quick ratio of 0.33, a current ratio of 0.81 and a debt-to-equity ratio of 89.42. The firm has a 50-day simple moving average of GBX 272.16 and a 200-day simple moving average of GBX 290.58.

Harbour Energy Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, September 25th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.13 per share. This represents a yield of 3.6%. The ex-dividend date of this dividend was Thursday, August 15th. Harbour Energy’s payout ratio is presently 22,222.22%.

Insider Transactions at Harbour Energy

In other Harbour Energy news, insider Blair Thomas sold 8,200,000 shares of the firm’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of GBX 265 ($3.44), for a total value of £21,730,000 ($28,180,521.33). In other news, insider Blair Thomas sold 8,200,000 shares of Harbour Energy stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of GBX 265 ($3.44), for a total transaction of £21,730,000 ($28,180,521.33). Also, insider Simon Henry acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average cost of GBX 289 ($3.75) per share, with a total value of £57,800 ($74,957.85). Insiders own 64.08% of the company’s stock.

About Harbour Energy

Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves. The company holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. It is also involved in the decommissioning, financing, gas trading, and risk mitigation activities.