Harbour Energy plc (LON:HBR) Announces Dividend of $0.13

Harbour Energy plc (LON:HBR - Get Free Report) announced a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.13 per share on Wednesday, May 21st. This represents a yield of 5.21%. The ex-dividend date is Thursday, April 10th. This is a 1.5% increase from Harbour Energy's previous dividend of $0.13. The official announcement can be accessed at this link.

Harbour Energy Stock Performance

Shares of HBR traded down GBX 2.10 ($0.03) during mid-day trading on Friday, hitting GBX 151.20 ($1.98). The stock had a trading volume of 1,778,801 shares, compared to its average volume of 12,906,290. Harbour Energy has a fifty-two week low of GBX 150.20 ($1.97) and a fifty-two week high of GBX 333.90 ($4.37). The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 76.75. The company has a market cap of £2.71 billion, a PE ratio of 47.54, a PEG ratio of 0.04 and a beta of -0.23. The company's fifty day simple moving average is GBX 206.69 and its two-hundred day simple moving average is GBX 242.52.

Analysts Set New Price Targets

A number of equities analysts have commented on HBR shares. Shore Capital reaffirmed a "not rated" rating on shares of Harbour Energy in a report on Thursday, January 23rd. Canaccord Genuity Group lowered their price objective on shares of Harbour Energy from GBX 360 ($4.71) to GBX 260 ($3.40) and set a "buy" rating for the company in a research report on Friday, March 14th.

Insider Buying and Selling at Harbour Energy

In other Harbour Energy news, insider Blair Thomas sold 6,653,009 shares of Harbour Energy stock in a transaction on Friday, March 21st. The stock was sold at an average price of GBX 206 ($2.70), for a total transaction of £13,705,198.54 ($17,931,700.30). Also, insider Louise Hough purchased 12,116 shares of Harbour Energy stock in a transaction on Tuesday, April 8th. The shares were acquired at an average price of GBX 176 ($2.30) per share, with a total value of £21,324.16 ($27,900.25). Over the last three months, insiders have purchased 43,552 shares of company stock worth $8,120,948. 64.08% of the stock is 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.