Harbour Energy (LON:HBR) Trading Up 0.7% - Should You Buy?

Harbour Energy plc (LON:HBR - Get Free Report) shot up 0.7% on Friday . The stock traded as high as GBX 205.40 ($2.76) and last traded at GBX 205 ($2.75). 1,007,328 shares changed hands during trading, a decline of 88% from the average session volume of 8,312,325 shares. The stock had previously closed at GBX 203.60 ($2.73).

Harbour Energy Price Performance

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 £3.59 billion, a PE ratio of 62.95, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. The firm has a 50 day moving average price of GBX 189.77 and a 200 day moving average price of GBX 205.75.

Insiders Place Their Bets

In other news, insider Alexander Krane acquired 9,644 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average price of GBX 179 ($2.40) per share, for a total transaction of £17,262.76 ($23,177.71). Also, insider Belgacem Chariag acquired 20,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were purchased at an average price of GBX 178 ($2.39) per share, with a total value of £35,600 ($47,798.07). Corporate insiders own 64.08% of the company's stock.

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.