Harbour Energy (OTCMKTS:HBRIY) Hits New 52-Week Low - Time to Sell?

Harbour Energy plc (OTCMKTS:HBRIY - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $2.08 and last traded at $2.08, with a volume of 1001 shares changing hands. The stock had previously closed at $2.25.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded Harbour Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th.

Harbour Energy Stock Performance

The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.34. The stock's fifty day moving average price is $2.68 and its 200-day moving average price is $3.10.

Harbour Energy Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, April 11th will be paid a dividend of $0.1119 per share. The ex-dividend date of this dividend is Friday, April 11th.

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.