Harbour Energy (LON:HBR) Shares Down 2% - What's Next?

Harbour Energy plc (LON:HBR - Get Free Report)'s share price fell 2% during mid-day trading on Monday . The company traded as low as GBX 264.50 ($3.43) and last traded at GBX 268.40 ($3.48). 815,230 shares were traded during mid-day trading, a decline of 74% from the average session volume of 3,187,608 shares. The stock had previously closed at GBX 273.90 ($3.55).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their price target on Harbour Energy from GBX 360 ($4.67) to GBX 385 ($4.99) and gave the stock a "buy" rating in a research note on Thursday, July 11th.

Harbour Energy Price Performance

The firm has a market capitalization of £3.77 billion, a PE ratio of 2,982.22, a P/E/G ratio of 0.04 and a beta of -0.23. The company has a 50-day moving average price of GBX 272.48 and a 200-day moving average price of GBX 290.87. The company has a debt-to-equity ratio of 89.42, a current ratio of 0.81 and a quick ratio of 0.33.

Harbour Energy Announces Dividend

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

Insider Activity

In other news, insider Blair Thomas sold 8,200,000 shares of the firm's stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of GBX 265 ($3.44), for a total transaction of £21,730,000 ($28,180,521.33). In other news, insider Blair Thomas sold 8,200,000 shares of the company's stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of GBX 265 ($3.44), for a total transaction of £21,730,000 ($28,180,521.33). Also, insider Simon Henry purchased 20,000 shares of the firm's stock in a transaction on Wednesday, September 4th. The stock was bought at an average price of GBX 289 ($3.75) per share, for a total transaction of £57,800 ($74,957.85). Company 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.