Harbour Energy (LON:HBR) Shares Down 6.7% - Should You Sell?

Harbour Energy plc (LON:HBR - Get Free Report)'s share price dropped 6.7% during mid-day trading on Thursday . The company traded as low as GBX 194.89 ($2.52) and last traded at GBX 199.73 ($2.58). Approximately 6,079,172 shares traded 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 ($2.77).

Wall Street Analyst Weigh In

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

Harbour Energy Trading Up 0.0 %

The company has a 50 day moving average of GBX 246.66 and a two-hundred day moving average of GBX 258.77. The company has a debt-to-equity ratio of 76.75, a quick ratio of 0.33 and a current ratio of 0.82. The stock has a market capitalization of £3.40 billion, a PE ratio of 59.57, a P/E/G ratio of 0.04 and a beta of -0.23.

Insider Transactions at Harbour Energy

In related news, insider Simon Henry purchased 10,000 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of GBX 198 ($2.56) per share, with a total value of £19,800 ($25,584.70). 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.