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Harbour Energy (OTCMKTS:HBRIY) Shares Down 8.5% - Time to Sell?

Harbour Energy logo with Energy background

Harbour Energy plc (OTCMKTS:HBRIY - Get Free Report)'s stock price fell 8.5% during trading on Wednesday . The stock traded as low as $2.12 and last traded at $2.15. 14,984 shares changed hands during mid-day trading, an increase of 195% from the average session volume of 5,080 shares. The stock had previously closed at $2.35.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded Harbour Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th.

View Our Latest Stock Analysis on HBRIY

Harbour Energy Trading Down 0.2%

The stock has a 50 day moving average price of $2.43 and a 200 day moving average price of $2.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.73 and a current ratio of 0.81.

Harbour Energy Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, April 11th will be given a dividend of $0.1119 per share. The ex-dividend date of this dividend is Friday, April 11th.

About Harbour Energy

(Get Free Report)

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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