Harbour Energy (LON:HBR) Trading Up 0.7% - Time to Buy?

Harbour Energy plc (LON:HBR - Get Free Report)'s share price was up 0.7% during trading on Friday . The company traded as high as GBX 205.40 ($2.77) and last traded at GBX 205 ($2.77). Approximately 1,007,328 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 8,312,325 shares. The stock had previously closed at GBX 203.60 ($2.75).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price target on Harbour Energy from GBX 360 ($4.86) to GBX 260 ($3.51) and set a "buy" rating on the stock in a report on Friday, March 14th.

Harbour Energy Stock Up 0.7%

The company's fifty day simple moving average is GBX 188.88 and its 200-day simple moving average is GBX 206.63. The firm has a market capitalization of £3.68 billion, a PE ratio of 64.46, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. The company has a debt-to-equity ratio of 76.75, a current ratio of 0.82 and a quick ratio of 0.33.

Insider Buying and Selling at Harbour Energy

In related news, insider Alexander Krane purchased 9,644 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was acquired at an average price of GBX 179 ($2.41) per share, with a total value of £17,262.76 ($23,287.14). Also, insider Belgacem Chariag acquired 20,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of GBX 178 ($2.40) per share, for a total transaction of £35,600 ($48,023.74). 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.

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