Harbour Energy plc (LON:HBR) Insider Sells £13,705,198.54 in Stock

Harbour Energy plc (LON:HBR - Get Free Report) insider Blair Thomas sold 6,653,009 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of GBX 206 ($2.67), for a total value of £13,705,198.54 ($17,739,061.01).

Harbour Energy Price Performance

Shares of LON:HBR traded up GBX 0.10 ($0.00) during trading on Friday, reaching GBX 208.80 ($2.70). The stock had a trading volume of 4,101,756 shares, compared to its average volume of 10,397,280. The company has a debt-to-equity ratio of 76.75, a quick ratio of 0.33 and a current ratio of 0.82. Harbour Energy plc has a 1-year low of GBX 177.90 ($2.30) and a 1-year high of GBX 333.90 ($4.32). The stock has a market cap of £3.75 billion, a PE ratio of 65.65, a PEG ratio of 0.04 and a beta of -0.23. The business has a fifty day moving average price of GBX 224.81 and a 200-day moving average price of GBX 249.66.

Harbour Energy Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.13 per share. This represents a yield of 5.21%. The ex-dividend date is Thursday, April 10th. This is a boost from Harbour Energy's previous dividend of $0.13. Harbour Energy's payout ratio is 628.84%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Shore Capital restated a "not rated" rating on shares of Harbour Energy in a research report on Thursday, January 23rd. Canaccord Genuity Group cut their target price on shares of Harbour Energy from GBX 360 ($4.66) to GBX 260 ($3.37) and set a "buy" rating for the company in a research note on Friday, March 14th.

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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.