Harbour Energy plc (LON:HBR) Insider Blair Thomas Sells 8,200,000 Shares

Harbour Energy plc (LON:HBR - Get Free Report) insider Blair Thomas sold 8,200,000 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of GBX 265 ($3.47), for a total value of £21,730,000 ($28,438,686.04).

Harbour Energy Price Performance

Shares of LON HBR traded down GBX 0.20 ($0.00) during midday trading on Monday, reaching GBX 282.90 ($3.70). The stock had a trading volume of 1,218,979 shares, compared to its average volume of 3,288,717. The company has a market capitalization of £4.05 billion, a price-to-earnings ratio of 3,143.33, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. The company has a debt-to-equity ratio of 89.42, a quick ratio of 0.33 and a current ratio of 0.81. The stock has a 50-day moving average of GBX 279.87 and a 200-day moving average of GBX 291.96. Harbour Energy plc has a 12-month low of GBX 210.50 ($2.75) and a 12-month high of GBX 333.90 ($4.37).

Harbour Energy Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, September 25th. Shareholders of record on Thursday, August 15th were paid a $0.13 dividend. This represents a yield of 3.6%. The ex-dividend date of this dividend was Thursday, August 15th. Harbour Energy's payout ratio is 22,222.22%.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their target price on Harbour Energy from GBX 360 ($4.71) to GBX 385 ($5.04) and gave the stock a "buy" rating in a report on Thursday, July 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.