Blair Thomas Sells 60,000,000 Shares of Harbour Energy (LON:HBR) Stock

Harbour Energy plc (LON:HBR) insider Blair Thomas sold 60,000,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of GBX 255, for a total transaction of £153,000,000.

Harbour Energy Price Performance

LON:HBR traded up GBX 0.50 during trading hours on Monday, hitting GBX 288.60. 35,380,648 shares of the company’s stock traded hands, compared to its average volume of 14,331,835. Harbour Energy plc has a 52 week low of GBX 146.40 and a 52 week high of GBX 300.60. The business’s fifty day simple moving average is GBX 230.86 and its two-hundred day simple moving average is GBX 219.51. The company has a quick ratio of 0.33, a current ratio of 1.04 and a debt-to-equity ratio of 20.81. The firm has a market cap of £4.53 billion, a P/E ratio of -9.82, a P/E/G ratio of 0.04 and a beta of -0.23.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Peel Hunt restated a “buy” rating and issued a GBX 270 price objective on shares of Harbour Energy in a research report on Monday, December 15th. Canaccord Genuity Group lifted their target price on shares of Harbour Energy from GBX 292 to GBX 320 and gave the company a “buy” rating in a research report on Thursday, December 18th. Berenberg Bank reissued a “hold” rating and issued a GBX 225 price target on shares of Harbour Energy in a research note on Thursday, March 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of Harbour Energy from GBX 270 to GBX 278 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Harbour Energy currently has a consensus rating of “Moderate Buy” and an average price target of GBX 276.60.

Harbour Energy Company Profile

Harbour Energy is the largest London-listed independent oil and gas company with significant positions in Norway, the UK, Germany, Argentina, Mexico, North Africa and South East Asia.