Harbour Energy (LON:HBR) Stock Price Down 11.7% - Should You Sell?

Harbour Energy plc (LON:HBR - Get Free Report) shares were down 11.7% on Thursday . The stock traded as low as GBX 184.60 ($2.38) and last traded at GBX 189.05 ($2.43). Approximately 9,060,795 shares changed hands during trading, an increase of 95% from the average daily volume of 4,646,849 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 Price Performance

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 price-to-earnings ratio of 59.49, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. The stock has a 50 day moving average price of GBX 246.66 and a 200-day moving average price of GBX 258.62.

Insider Buying and Selling at Harbour Energy

In other Harbour Energy news, insider Alan M. Ferguson acquired 21,436 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of GBX 187 ($2.41) per share, with a total value of £40,085.32 ($51,609.78). Also, insider Simon Henry acquired 10,000 shares of the business's stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of GBX 198 ($2.55) per share, with a total value of £19,800 ($25,492.47). 64.08% of the stock is currently 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.