Harbour Energy (OTCMKTS:HBRIY) Shares Up 0.1% - Time to Buy?

Key Points

• Harbour Energy shares experienced a slight increase of 0.1% during mid-day trading, reaching a last traded price of $3.26, with significantly higher trading volume at approximately 28,687 shares compared to the average of 8,177 shares.
• Analysts at Morgan Stanley have reaffirmed an "overweight" rating on Harbour Energy, signaling continued positive sentiment towards the stock.
• Harbour Energy is engaged in oil and gas exploration and production, operating in regions including the UK, Norway, Indonesia, Vietnam, and Mexico, and also involves itself in financing and gas trading.

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY - Get Free Report)'s share price traded up 0.1% on Monday . The stock traded as high as $3.29 and last traded at $3.26. 28,687 shares changed hands during trading, an increase of 251% from the average session volume of 8,177 shares. The stock had previously closed at $3.25.

Wall Street Analyst Weigh In

Separately, Morgan Stanley restated an "overweight" rating on shares of Harbour Energy in a research report on Tuesday, June 17th.

Harbour Energy Price Performance

The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 0.68. The business's fifty day moving average is $2.80 and its two-hundred day moving average is $2.67.

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.