Harbour Energy (OTCMKTS:HBRIY) Shares Gap Down – Should You Sell?

Shares of Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) gapped down before the market opened on Monday . The stock had previously closed at $3.03, but opened at $2.83. Harbour Energy shares last traded at $3.21, with a volume of 750 shares.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered shares of Harbour Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Harbour Energy Price Performance

The stock’s fifty day moving average price is $2.87 and its 200-day moving average price is $2.96. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.80.

Harbour Energy Company Profile

Harbour Energy PLC (OTCMKTS: HBRIY) is a London-based independent oil and gas exploration and production company formed in July 2021 through the merger of Premier Oil and Chrysaor. As the largest UK-listed E&P group by production, the company focuses on developing and operating a diversified portfolio of upstream assets to deliver long-term value through stable cash flow and disciplined capital allocation.

The company’s core business activities encompass the exploration, development and production of crude oil and natural gas.