Harbour Energy (LON:HBR) Stock Price Up 1.8% - Should You Buy?

Harbour Energy plc (LON:HBR - Get Free Report)'s share price rose 1.8% during trading on Tuesday . The stock traded as high as GBX 254.30 ($3.22) and last traded at GBX 254.30 ($3.22). Approximately 1,419,202 shares were traded during trading, a decline of 54% from the average daily volume of 3,056,242 shares. The stock had previously closed at GBX 249.90 ($3.16).

Harbour Energy Trading Up 1.8 %

The firm has a market cap of £3.70 billion, a P/E ratio of 2,877.78, a PEG ratio of 0.04 and a beta of -0.23. The company has a 50 day moving average of GBX 265.63 and a 200 day moving average of GBX 287.68. The company has a debt-to-equity ratio of 89.42, a quick ratio of 0.33 and a current ratio of 0.81.

Insider Buying and Selling

In related news, insider Blair Thomas sold 8,200,000 shares of the firm's stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of GBX 265 ($3.35), for a total transaction of £21,730,000 ($27,495,887.64). Also, insider Simon Henry purchased 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average cost of GBX 289 ($3.66) per share, for a total transaction of £57,800 ($73,136.78). Insiders own 64.08% of the company's stock.

Harbour Energy Company Profile

Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves. The company holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. It is also involved in the decommissioning, financing, gas trading, and risk mitigation activities.