Harbour Energy plc (LON:HBR - Get Free Report)'s stock price reached a new 52-week low on Thursday . The company traded as low as GBX 155.90 ($2.06) and last traded at GBX 157.90 ($2.08), with a volume of 4760199 shares trading hands. The stock had previously closed at GBX 169.60 ($2.24).
Analyst Ratings Changes
A number of equities research analysts have recently commented on HBR shares. Canaccord Genuity Group cut their price target on shares of Harbour Energy from GBX 360 ($4.75) to GBX 260 ($3.43) and set a "buy" rating on the stock in a report on Friday, March 14th. Shore Capital reissued a "not rated" rating on shares of Harbour Energy in a report on Thursday, January 23rd.
Read Our Latest Analysis on HBR
Harbour Energy Price Performance
The stock has a market capitalization of £2.80 billion, a P/E ratio of 49.11, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. The business's 50 day moving average price is GBX 205.17 and its 200 day moving average price is GBX 241.77. The company has a debt-to-equity ratio of 76.75, a current ratio of 0.82 and a quick ratio of 0.33.
Harbour Energy Increases Dividend
The business also recently announced a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, April 10th. This is a positive change from Harbour Energy's previous dividend of $0.13. This represents a yield of 5.21%. Harbour Energy's payout ratio is currently 628.84%.
Insider Activity
In other Harbour Energy news, insider Louise Hough bought 12,116 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The stock was bought at an average cost of GBX 176 ($2.32) per share, for a total transaction of £21,324.16 ($28,117.30). Also, insider Simon Henry acquired 10,000 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of GBX 198 ($2.61) per share, with a total value of £19,800 ($26,107.59). Insiders have bought 43,552 shares of company stock valued at $8,120,948 in the last ninety days. 64.08% of the stock is currently owned by company insiders.
About Harbour Energy
(
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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.
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