Harbour Energy (LON:HBR) Reaches New 52-Week Low - What's Next?

Harbour Energy plc (LON:HBR - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 150.10 ($2.00) and last traded at GBX 151.70 ($2.02), with a volume of 3084075 shares trading hands. The stock had previously closed at GBX 156 ($2.08).

Analyst Ratings Changes

Several analysts recently weighed in on the company. Shore Capital reissued a "not rated" rating on shares of Harbour Energy in a report on Thursday, January 23rd. Canaccord Genuity Group reduced their target price on shares of Harbour Energy from GBX 360 ($4.79) to GBX 260 ($3.46) and set a "buy" rating for the company in a research report on Friday, March 14th.

Harbour Energy Trading Up 1.1 %

The firm has a 50 day moving average of GBX 198.99 and a 200-day moving average of GBX 238.60. The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 76.75. The firm has a market capitalization of £2.85 billion, a P/E ratio of 49.90, a PEG ratio of 0.04 and a beta of -0.23.

Harbour Energy Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.13 per share. This represents a dividend yield of 5.21%. The ex-dividend date is Thursday, April 10th. This is an increase from Harbour Energy's previous dividend of $0.13. Harbour Energy's dividend payout ratio is 628.84%.

Insider Activity

In other Harbour Energy news, insider Simon Henry bought 10,000 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of GBX 198 ($2.63) per share, for a total transaction of £19,800 ($26,336.79). Also, insider Alan M. Ferguson bought 21,436 shares of the company's stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of GBX 187 ($2.49) per share, with a total value of £40,085.32 ($53,319.13). In the last quarter, insiders have acquired 43,552 shares of company stock worth $8,120,948. Insiders own 64.08% of the company's stock.

About Harbour Energy

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.