Harbour Energy's (HBR) "No Recommendation" Rating Reaffirmed at Shore Capital

Key Points

• Harbour Energy's stock rating has been reaffirmed as "no recommendation" by Shore Capital, indicating uncertainty in the company's outlook.
• The stock has experienced a 13.8% increase recently, opening at GBX 232.30 ($3.10), while having a market capitalization of £4.17 billion.
• Company insiders have been actively buying shares, with over 64% of the stock owned by insiders, suggesting confidence in the company's future performance.

Harbour Energy (LON:HBR - Get Free Report)'s stock had its "no recommendation" rating reissued by Shore Capital in a research note issued to investors on Thursday, MarketBeat.com reports.

Harbour Energy Stock Up 13.8%

HBR stock opened at GBX 232.30 ($3.10) on Thursday. The firm has a 50 day moving average of GBX 198.61 and a 200 day moving average of GBX 198.38. The stock has a market capitalization of £4.17 billion, a PE ratio of 73.04, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 76.75. Harbour Energy has a 52 week low of GBX 146.40 ($1.96) and a 52 week high of GBX 308.90 ($4.13).

Insider Buying and Selling

In other Harbour Energy news, insider Belgacem Chariag acquired 20,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was acquired at an average cost of GBX 178 ($2.38) per share, for a total transaction of £35,600 ($47,555.44). Also, insider Alexander Krane acquired 9,644 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were acquired at an average price of GBX 179 ($2.39) per share, with a total value of £17,262.76 ($23,060.06). 64.08% of the stock is owned by company insiders.

Harbour Energy Company Profile

Harbour Energy is the largest London-listed independent oil and gas company with significant positions in Norway, the UK, Germany, Argentina, Mexico, North Africa and South East Asia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.