Harbour Energy (LON:HBR) Shares Down 14.5% - Here's Why

Shares of Harbour Energy plc (LON:HBR - Get Free Report) dropped 14.5% during mid-day trading on Thursday . The stock traded as low as GBX 182.50 ($2.35) and last traded at GBX 182.95 ($2.36). Approximately 10,631,476 shares were traded during trading, an increase of 127% from the average daily volume of 4,680,994 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 research note on Thursday, January 23rd.

Harbour Energy Stock Down 0.1 %

The company has a debt-to-equity ratio of 76.75, a current ratio of 0.82 and a quick ratio of 0.33. The stock has a market capitalization of £3.40 billion, a P/E ratio of 59.49, a PEG ratio of 0.04 and a beta of -0.23. The stock's fifty day moving average is GBX 246.66 and its two-hundred day moving average is GBX 258.62.

Insider Transactions at Harbour Energy

In other news, insider Simon Henry bought 10,000 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of GBX 198 ($2.55) per share, with a total value of £19,800 ($25,492.47). Also, insider Alan M. Ferguson purchased 21,436 shares of the business's stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of GBX 187 ($2.41) per share, for a total transaction of £40,085.32 ($51,609.78). Corporate insiders own 64.08% of the company's stock.

Harbour Energy Company Profile

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.