Louise Hough Acquires 6,800 Shares of Harbour Energy plc (LON:HBR) Stock

Harbour Energy plc (LON:HBR) insider Louise Hough acquired 6,800 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was acquired at an average price of GBX 289 ($3.60) per share, for a total transaction of £19,652 ($24,464.09).

Harbour Energy Trading Up 1.8 %

LON HBR opened at GBX 297.90 ($3.71) on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 76.75. Harbour Energy plc has a twelve month low of GBX 210.50 ($2.62) and a twelve month high of GBX 328.90 ($4.09). The firm has a market capitalization of £2.29 billion, a PE ratio of -354.64, a P/E/G ratio of 0.04 and a beta of -0.30. The stock’s 50 day moving average is GBX 269.95 and its 200 day moving average is GBX 264.02.

Harbour Energy Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, April 11th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, April 11th. This is a positive change from Harbour Energy’s previous dividend of $0.12. This represents a dividend yield of 3.73%. Harbour Energy’s payout ratio is currently -2,380.95%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their price target on Harbour Energy from GBX 250 ($3.11) to GBX 280 ($3.49) and gave the company a “hold” rating in a research report on Monday, February 19th.

About Harbour Energy

Harbour Energy plc, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas reserves. It holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. The company was incorporated in 2002 and is headquartered in London, the United Kingdom.