Harbour Energy (LON:HBR) Stock Price Up 3.4% - Time to Buy?

Key Points

• Harbour Energy's stock price increased by 3.4%, closing at GBX 204.20 ($2.73), although trading volume dropped significantly by 69% compared to its average.
• Analyst Shore Capital maintained a "no recommendation" rating on Harbour Energy, indicating a neutral stance on the stock.
• Insiders have recently purchased shares, with 64.08% of the stock owned by company insiders, suggesting confidence in the company's future.

Harbour Energy plc (LON:HBR - Get Free Report)'s share price traded up 3.4% during trading on Thursday . The stock traded as high as GBX 204.23 ($2.73) and last traded at GBX 204.20 ($2.73). 2,305,708 shares were traded during mid-day trading, a decline of 69% from the average session volume of 7,497,336 shares. The stock had previously closed at GBX 197.50 ($2.64).

Analyst Ratings Changes

Separately, Shore Capital restated a "no recommendation" rating on shares of Harbour Energy in a report on Thursday.

Harbour Energy Stock Up 11.2%

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 stock has a market capitalization of £4.08 billion, a PE ratio of 71.41, a P/E/G ratio of 0.04 and a beta of -0.23. The stock's fifty day simple moving average is GBX 198.61 and its 200-day simple moving average is GBX 198.38.

Insider Transactions at Harbour Energy

In other news, insider Alexander Krane purchased 9,644 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average cost of GBX 179 ($2.39) per share, for a total transaction of £17,262.76 ($23,060.06). Also, insider Belgacem Chariag acquired 20,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was purchased at an average price of GBX 178 ($2.38) per share, with a total value of £35,600 ($47,555.44). 64.08% of the stock is owned by company insiders.

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.

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