Harbour Energy (LON:HBR) Stock Price Down 1.9% - Time to Sell?

Harbour Energy plc (LON:HBR - Get Free Report)'s stock price dropped 1.9% on Thursday . The company traded as low as GBX 181.10 ($2.44) and last traded at GBX 181.50 ($2.44). Approximately 2,068,138 shares traded hands during trading, a decline of 79% from the average daily volume of 10,018,288 shares. The stock had previously closed at GBX 185.10 ($2.49).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their price target on Harbour Energy from GBX 360 ($4.85) to GBX 260 ($3.50) and set a "buy" rating on the stock in a research note on Friday, March 14th.

Harbour Energy Trading Down 1.9%

The business's 50-day simple moving average is GBX 171.53 and its 200-day simple moving average is GBX 217.73. 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 has a market cap of £3.19 billion, a PE ratio of 55.97, a P/E/G ratio of 0.04 and a beta of -0.23.

Harbour Energy Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, May 21st. Shareholders of record on Thursday, April 10th were given a $0.13 dividend. This is a positive change from Harbour Energy's previous dividend of $0.13. This represents a yield of 5.21%. The ex-dividend date of this dividend was Thursday, April 10th. Harbour Energy's dividend payout ratio is presently 628.84%.

Insider Transactions at Harbour Energy

In related news, insider Alan M. Ferguson bought 21,436 shares of Harbour Energy stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of GBX 187 ($2.52) per share, for a total transaction of £40,085.32 ($53,950.63). Also, insider Simon Henry bought 10,000 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of GBX 198 ($2.66) per share, with a total value of £19,800 ($26,648.72). Insiders have acquired a total of 73,196 shares of company stock worth $13,407,224 in the last 90 days. 64.08% of the stock is owned by insiders.

About Harbour Energy

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.