Harbour Energy (OTCMKTS:HBRIY) Shares Gap Up - Time to Buy?

Key Points

• Harbour Energy shares gapped up from a previous close of $3.02 to open at $3.37, with a trading volume of 116 shares.
• Analysts have given harbour Energy an average rating of "Moderate Buy," with one analyst rating it a Buy and another a Hold.
• The company has declared a dividend of $0.1119, with a yield of 623.0%, set to be paid on October 6th to shareholders of record as of August 19th.

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $3.02, but opened at $3.37. Harbour Energy shares last traded at $3.37, with a volume of 116 shares traded.

Wall Street Analyst Weigh In

Separately, Morgan Stanley restated 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Harbour Energy Trading Down 2.4%

The business's fifty day moving average price is $3.05 and its 200-day moving average price is $2.69. 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 disclosed a dividend, which will be paid on Monday, October 6th. Investors of record on Tuesday, August 19th will be issued a $0.1119 dividend. The ex-dividend date of this dividend 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.