Harbour Energy (OTCMKTS:HBRIY) Shares Down 0.7% - What's Next?

Key Points

• Harbour Energy's stock price fell by 0.7% to $2.88, with trading volume down 72% from its average.
• Analysts have rated Harbour Energy with an average rating of "Moderate Buy," along with an "overweight" rating from Morgan Stanley.
• The company recently declared a dividend of $0.1119 per share, yielding 623.0%.

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY - Get Free Report)'s stock price fell 0.7% during trading on Thursday . The stock traded as low as $2.88 and last traded at $2.88. 1,005 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 3,596 shares. The stock had previously closed at $2.90.

Analysts Set New Price Targets

Separately, Morgan Stanley reaffirmed an "overweight" rating on shares of Harbour Energy in a report on Tuesday, June 17th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy".

Harbour Energy Stock Down 0.7%

The firm has a 50 day simple moving average of $3.11 and a 200-day simple moving average of $2.72. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.93 and a current ratio of 1.00.

Harbour Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, October 6th. Shareholders of record on Tuesday, August 19th were paid a dividend of $0.1119 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a yield of 623.0%.

About Harbour Energy

Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves. The company holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. It is also involved in the decommissioning, financing, gas trading, and risk mitigation activities.

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