Harbour Energy (OTCMKTS:HBRIY) Shares Gap Up - Here's Why

Key Points

• Harbour Energy PLC shares gapped up to $2.96 at market opening, reflecting an increase from the previous close of $2.85, with a trading volume of 200 shares.
• Analysts have a consensus rating of "Moderate Buy" for Harbour Energy, with Morgan Stanley reiterating an "overweight" rating and one analyst assigning a Hold rating.
• Harbour Energy announced a dividend of $0.1119 per share, yielding 623.0%, scheduled for payment on October 6th to shareholders on record as of August 19th.

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $2.85, but opened at $2.96. Harbour Energy shares last traded at $2.96, with a volume of 200 shares.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reiterated an "overweight" rating on shares of Harbour Energy in a report on Tuesday, June 17th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Harbour Energy Trading Up 3.9%

The business's 50 day moving average price is $3.05 and its 200-day moving average price is $2.69. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.80.

Harbour Energy Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, October 6th. Shareholders of record on Tuesday, August 19th will be given a $0.1119 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a yield of 623.0%.

Harbour Energy Company Profile

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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