Harbour Energy (LON:HBR) Shares Down 6.7% - Here's Why

Harbour Energy plc (LON:HBR - Get Free Report) shares dropped 6.7% on Thursday . The stock traded as low as GBX 194.89 ($2.51) and last traded at GBX 199.73 ($2.57). Approximately 6,079,172 shares changed hands during mid-day trading, an increase of 33% from the average daily volume of 4,582,031 shares. The stock had previously closed at GBX 214 ($2.76).

Analyst Ratings Changes

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

Harbour Energy Stock Performance

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

Insiders Place Their Bets

In related news, insider Simon Henry purchased 10,000 shares of Harbour Energy stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of GBX 198 ($2.55) per share, with a total value of £19,800 ($25,492.47). Also, insider Alan M. Ferguson acquired 21,436 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of GBX 187 ($2.41) per share, for a total transaction of £40,085.32 ($51,609.78). Company 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.