Harbour Energy (LON:HBR) Shares Up 0.5% - Time to Buy?

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.

Harbour Energy plc (LON:HBR - Get Free Report)'s stock price traded up 0.5% on Monday . The stock traded as high as GBX 195.80 ($2.60) and last traded at GBX 193 ($2.57). 3,647,033 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 7,574,355 shares. The stock had previously closed at GBX 192.10 ($2.55).

Harbour Energy Stock Up 2.3%

The firm has a 50 day simple moving average of GBX 197.82 and a two-hundred day simple moving average of GBX 198.34. The company has a debt-to-equity ratio of 76.75, a current ratio of 0.82 and a quick ratio of 0.33. The stock has a market cap of £3.54 billion, a price-to-earnings ratio of 62.10, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23.

Insider Transactions at Harbour Energy

In other Harbour Energy news, insider Alexander Krane purchased 9,644 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were bought at an average price of GBX 179 ($2.38) per share, with a total value of £17,262.76 ($22,952.75). Also, insider Belgacem Chariag purchased 20,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were acquired at an average cost of GBX 178 ($2.37) per share, for a total transaction of £35,600 ($47,334.13). Company 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.