Free Trial

Harbour Energy (LON:HBR) Stock Price Up 0.5% - Should You Buy?

Harbour Energy logo with Energy background

Key Points

  • Harbour Energy's shares increased by 0.5% during mid-day trading, reaching GBX 195.80 ($2.60) with a trading volume significantly lower than the average.
  • The company has a market capitalization of £3.56 billion and a relatively high debt-to-equity ratio of 76.75, indicating potential risk in financial management.
  • Corporate insiders own 64.08% of the stock, reflecting strong management confidence, as they have actively purchased additional shares recently.
  • Want stock alerts on Harbour Energy? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Harbour Energy plc (LON:HBR - Get Free Report) shot up 0.5% during trading on Monday . The company traded as high as GBX 195.80 ($2.63) and last traded at GBX 193 ($2.60). 3,647,033 shares were traded during trading, a decline of 52% from the average session volume of 7,574,355 shares. The stock had previously closed at GBX 192.10 ($2.58).

Analysts Set New Price Targets

Several brokerages have issued reports on HBR. Shore Capital reaffirmed a "no recommendation" rating on shares of Harbour Energy in a report on Thursday. Canaccord Genuity Group raised their price objective on shares of Harbour Energy from GBX 275 ($3.70) to GBX 285 ($3.83) and gave the stock a "buy" rating in a research report on Friday.

Check Out Our Latest Stock Report on HBR

Harbour Energy Stock Up 2.2%

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 business's fifty day moving average price is GBX 199.43 and its 200 day moving average price is GBX 197.91. The firm has a market capitalization of £4.08 billion, a price-to-earnings ratio of 71.44, a PEG ratio of 0.04 and a beta of -0.23.

Harbour Energy declared that its Board of Directors has approved a stock repurchase program on Thursday, August 7th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other Harbour Energy news, insider Alexander Krane acquired 9,644 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was purchased at an average cost of GBX 179 ($2.41) per share, for a total transaction of £17,262.76 ($23,215.12). Also, insider Belgacem Chariag acquired 20,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was acquired at an average price of GBX 178 ($2.39) per share, for a total transaction of £35,600 ($47,875.20). 64.08% of the stock is currently owned by insiders.

Harbour Energy Company Profile

(Get Free Report)

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.

Featured Stories

Should You Invest $1,000 in Harbour Energy Right Now?

Before you consider Harbour Energy, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Harbour Energy wasn't on the list.

While Harbour Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

The Market’s Next Big Winners? Start Here
5 High Short Interest Stocks to Buy Before November
HUGE Upside Ahead: The Fastest Growing ETFs in the Market

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines