Harbour Energy (LON:HBR) Reaches New 12-Month Low - Should You Sell?

Harbour Energy plc (LON:HBR - Get Free Report)'s share price reached a new 52-week low on Friday . The stock traded as low as GBX 177.60 ($2.27) and last traded at GBX 178.17 ($2.28), with a volume of 5556960 shares trading hands. The stock had previously closed at GBX 195 ($2.49).

Analyst Upgrades and Downgrades

A number of research firms recently commented on HBR. Canaccord Genuity Group decreased their price objective on Harbour Energy from GBX 360 ($4.60) to GBX 260 ($3.32) and set a "buy" rating on the stock in a report on Friday, March 14th. Shore Capital reiterated a "not rated" rating on shares of Harbour Energy in a report on Thursday, January 23rd.

Harbour Energy Price Performance

The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 76.75. The company's fifty day moving average is GBX 212.98 and its two-hundred day moving average is GBX 245.52. The stock has a market cap of £2.83 billion, a price-to-earnings ratio of 49.65, a P/E/G ratio of 0.04 and a beta of -0.23.

Harbour Energy Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 21st. Investors of record on Thursday, April 10th will be issued a $0.13 dividend. This represents a dividend yield of 5.21%. The ex-dividend date is Thursday, April 10th. This is an increase from Harbour Energy's previous dividend of $0.13. Harbour Energy's payout ratio is currently 628.84%.

Insider Activity at Harbour Energy

In other Harbour Energy news, insider Louise Hough purchased 12,116 shares of Harbour Energy stock in a transaction dated Tuesday, April 8th. The shares were acquired at an average price of GBX 176 ($2.25) per share, with a total value of £21,324.16 ($27,247.84). Also, insider Blair Thomas sold 6,653,009 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of GBX 206 ($2.63), for a total transaction of £13,705,198.54 ($17,512,392.72). Insiders bought 43,552 shares of company stock worth $8,120,948 in the last three months. 64.08% of the stock is owned by company insiders.

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.