Linda Cook Purchases 86,050 Shares of Harbour Energy plc (LON:HBR) Stock

Harbour Energy plc (LON:HBR - Get Free Report) insider Linda Cook purchased 86,050 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were acquired at an average cost of GBX 286 ($3.53) per share, for a total transaction of £246,103 ($303,980.98).

Harbour Energy Trading Up 2.2 %

LON HBR traded up GBX 6.20 ($0.08) during trading hours on Friday, reaching GBX 293.40 ($3.62). The company's stock had a trading volume of 1,178,334 shares, compared to its average volume of 2,859,258. The company has a debt-to-equity ratio of 76.75, a current ratio of 0.82 and a quick ratio of 0.33. Harbour Energy plc has a 52 week low of GBX 210.50 ($2.60) and a 52 week high of GBX 328.90 ($4.06). The firm has a fifty day simple moving average of GBX 273.41 and a 200-day simple moving average of GBX 265.76. The stock has a market cap of £2.26 billion, a P/E ratio of -349.26, a P/E/G ratio of 0.04 and a beta of -0.30.

Harbour Energy Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Thursday, April 11th will be paid a $0.13 dividend. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 3.73%. This is a positive change from Harbour Energy's previous dividend of $0.12. Harbour Energy's payout ratio is currently -2,380.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Berenberg Bank increased their price objective on shares of Harbour Energy from GBX 250 ($3.09) to GBX 280 ($3.46) and gave the stock a "hold" rating in a research note on Monday, February 19th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 350 ($4.32) price objective on shares of Harbour Energy in a report on Thursday, April 18th.

About Harbour Energy

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.