Harbour Energy (LON:HBR) Trading Down 11.7% - Here's What Happened

Harbour Energy plc (LON:HBR - Get Free Report) was down 11.7% during trading on Thursday . The company traded as low as GBX 184.60 ($2.39) and last traded at GBX 189.05 ($2.44). Approximately 9,060,795 shares were traded during mid-day trading, an increase of 95% from the average daily volume of 4,646,849 shares. The stock had previously closed at GBX 214 ($2.77).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a "not rated" rating on shares of Harbour Energy in a research note on Thursday, January 23rd.

Harbour Energy Stock Down 0.1 %

The company has a market capitalization of £3.40 billion, a price-to-earnings ratio of 59.49, a P/E/G ratio of 0.04 and a beta of -0.23. The business has a fifty day simple moving average of GBX 246.66 and a two-hundred day simple moving average of GBX 258.62. The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 76.75.

Insider Activity at Harbour Energy

In other Harbour Energy news, insider Alan M. Ferguson acquired 21,436 shares of Harbour Energy stock in a transaction on Monday, March 10th. The shares were bought at an average price of GBX 187 ($2.42) per share, with a total value of £40,085.32 ($51,816.60). Also, insider Simon Henry purchased 10,000 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of GBX 198 ($2.56) per share, for a total transaction of £19,800 ($25,594.62). 64.08% of the stock is owned by insiders.

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.