Harbour Energy (LON:HBR) Stock Price Down 1.9% - What's Next?

Shares of Harbour Energy plc (LON:HBR - Get Free Report) fell 1.9% on Thursday . The stock traded as low as GBX 181.10 ($2.45) and last traded at GBX 181.50 ($2.46). 2,068,138 shares traded hands during trading, a decline of 79% from the average session volume of 10,018,288 shares. The stock had previously closed at GBX 185.10 ($2.51).

Analyst Ratings Changes

Separately, Canaccord Genuity Group dropped their price target on shares of Harbour Energy from GBX 360 ($4.88) to GBX 260 ($3.52) and set a "buy" rating for the company in a research report on Friday, March 14th.

Harbour Energy Stock Up 4.1%

The business has a 50-day simple moving average of GBX 171.08 and a 200-day simple moving average of GBX 217.02. The company has a debt-to-equity ratio of 76.75, a quick ratio of 0.33 and a current ratio of 0.82. The company has a market cap of £3.41 billion, a price-to-earnings ratio of 59.80, a price-to-earnings-growth 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. Investors of record on Thursday, April 10th were issued a $0.13 dividend. This is a boost from Harbour Energy's previous dividend of $0.13. The ex-dividend date of this dividend was Thursday, April 10th. This represents a yield of 5.21%. Harbour Energy's dividend payout ratio (DPR) is 628.84%.

Insider Buying and Selling

In other Harbour Energy news, insider Simon Henry acquired 10,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of GBX 198 ($2.68) per share, with a total value of £19,800 ($26,822.00). Also, insider Alexander Krane purchased 9,644 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was bought at an average price of GBX 179 ($2.42) per share, for a total transaction of £17,262.76 ($23,384.94). Insiders bought 73,196 shares of company stock worth $13,407,224 over 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.