Insider Buying: Harbour Energy plc (LON:HBR) Insider Buys 10,000 Shares of Stock

Harbour Energy plc (LON:HBR - Get Free Report) insider Alan M. Ferguson acquired 10,000 shares of the firm's stock in a transaction dated Thursday, April 4th. The shares were purchased at an average cost of GBX 283 ($3.55) per share, for a total transaction of £28,300 ($35,525.99).

Harbour Energy Trading Up 0.4 %

LON HBR traded up GBX 1.30 ($0.02) on Friday, reaching GBX 292 ($3.67). The company had a trading volume of 1,323,019 shares, compared to its average volume of 2,833,376. The stock's 50 day moving average is GBX 267.93 and its 200-day moving average is GBX 261.84. The stock has a market cap of £2.25 billion, a price-to-earnings ratio of -347.62, a PEG ratio of 0.04 and a beta of -0.30. 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 plc has a 52 week low of GBX 210.50 ($2.64) and a 52 week high of GBX 328.90 ($4.13).

Harbour Energy Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, April 11th will be issued a $0.13 dividend. This is an increase from Harbour Energy's previous dividend of $0.12. This represents a dividend yield of 3.73%. The ex-dividend date is Thursday, April 11th. Harbour Energy's dividend payout ratio is -2,380.95%.

Analysts Set New Price Targets

Separately, Berenberg Bank raised their target price on Harbour Energy from GBX 250 ($3.14) to GBX 280 ($3.51) and gave the stock a "hold" rating in a research report on Monday, February 19th.

About Harbour Energy

Harbour Energy plc, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas reserves. It holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. The company was incorporated in 2002 and is headquartered in London, the United Kingdom.