Harbour Energy (LON:HBR) Shares Down 0.6% - What's Next?

Harbour Energy plc (LON:HBR - Get Free Report)'s share price dropped 0.6% during mid-day trading on Wednesday . The stock traded as low as GBX 155.60 ($2.07) and last traded at GBX 157.10 ($2.09). Approximately 3,978,682 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 11,361,371 shares. The stock had previously closed at GBX 158 ($2.10).

Wall Street Analysts Forecast Growth

Several research firms recently commented on HBR. Canaccord Genuity Group dropped their price objective on shares of Harbour Energy from GBX 360 ($4.79) to GBX 260 ($3.46) and set a "buy" rating on the stock in a research note on Friday, March 14th. Shore Capital reissued a "not rated" rating on shares of Harbour Energy in a research report on Thursday, January 23rd.

Harbour Energy Trading Up 9.2 %

The stock has a market cap of £3.08 billion, a PE ratio of 53.96, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. The firm has a 50-day moving average price of GBX 178.97 and a 200-day moving average price of GBX 228.50. The company has a debt-to-equity ratio of 76.75, a quick ratio of 0.33 and a current ratio of 0.82.

Harbour Energy Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be paid 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 dividend payout ratio is currently 628.84%.

Insider Activity at Harbour Energy

In related news, insider Alan M. Ferguson bought 21,436 shares of the stock in a transaction on Monday, March 10th. The shares were acquired at an average price of GBX 187 ($2.49) per share, for a total transaction of £40,085.32 ($53,290.77). Also, insider Simon Henry purchased 10,000 shares of Harbour Energy stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of GBX 198 ($2.63) per share, with a total value of £19,800 ($26,322.79). Insiders bought 43,552 shares of company stock valued at $8,120,948 over the last 90 days. Corporate insiders own 64.08% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.