Insider Selling: Harbour Energy (LON:HBR) Insider Sells 421,062 Shares of Stock

Key Points

• Insider sale: Alexander Krane sold 421,062 shares on April 8 at an average price of GBX 267, generating £1,124,235.54 in proceeds.
• The stock traded at GBX 277.56 (up GBX 1.76) on unusually high volume of 52.4 million shares versus an average of 13.8 million, and the company has a market cap of £4.35 billion.
• Analysts hold a Moderate Buy consensus with an average price target of GBX 284.60, with recent targets ranging from GBX 225 to GBX 320 and three Buy versus two Hold ratings.

Harbour Energy plc (LON:HBR - Get Free Report) insider Alexander Krane sold 421,062 shares of the company's stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of GBX 267, for a total value of £1,124,235.54.

Harbour Energy Stock Performance

LON HBR traded up GBX 1.76 on Friday, reaching GBX 277.56. The stock had a trading volume of 52,416,637 shares, compared to its average volume of 13,837,224. The company has a market cap of £4.35 billion, a P/E ratio of -17.35, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. Harbour Energy plc has a 1-year low of GBX 146.40 and a 1-year high of GBX 321. The company has a debt-to-equity ratio of 20.81, a current ratio of 1.04 and a quick ratio of 0.33. The firm has a fifty day moving average of GBX 262.89 and a two-hundred day moving average of GBX 228.68.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Peel Hunt restated a "buy" rating and set a GBX 270 price objective on shares of Harbour Energy in a research report on Monday, December 15th. Canaccord Genuity Group upped their price objective on Harbour Energy from GBX 292 to GBX 320 and gave the stock a "buy" rating in a research report on Thursday, December 18th. JPMorgan Chase & Co. increased their target price on Harbour Energy from GBX 278 to GBX 318 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Berenberg Bank reiterated a "hold" rating and issued a GBX 225 target price on shares of Harbour Energy in a research report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 284.60.

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.

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