Harbour Energy (OTCMKTS:HBRIY) Shares Gap Up - What's Next?

Key Points

• Harbour Energy's share price jumped from $3.12 to $3.43 in pre-market trading, indicating potential investor interest.
• Analysts have given Harbour Energy an average rating of "Moderate Buy," with Morgan Stanley reissuing an "overweight" rating on the stock.
• The company announced a dividend of $0.1119 with a staggering dividend yield of 623.0%, which will be paid on October 6th to eligible stockholders.

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $3.12, but opened at $3.43. Harbour Energy shares last traded at $3.43, with a volume of 1,605 shares changing hands.

Analyst Ratings Changes

Separately, Morgan Stanley restated an "overweight" rating on shares of Harbour Energy in a research report on Tuesday, June 17th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

Harbour Energy Price Performance

The business's 50-day moving average is $2.87 and its 200-day moving average is $2.67. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 0.68.

Harbour Energy Cuts Dividend

The company also recently disclosed 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 is Monday, August 18th. This represents a dividend 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.