Harbour Energy (OTCMKTS:HBRIY) Hits New 1-Year High – What’s Next?

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $3.84 and last traded at $3.84, with a volume of 10136 shares trading hands. The stock had previously closed at $3.2855.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded Harbour Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Harbour Energy currently has a consensus rating of “Hold”.

Harbour Energy Trading Up 16.9%

The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.80. The business has a fifty day moving average price of $2.94 and a two-hundred day moving average price of $2.99.

About Harbour Energy

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.