Harbour Energy plc (LON:HBR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Harbour Energy plc (LON:HBR) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 299.83.

Several equities research analysts have recently issued reports on HBR shares. Jefferies Financial Group restated a “buy” rating and set a GBX 295 price objective on shares of Harbour Energy in a report on Friday, May 8th. Berenberg Bank decreased their price objective on Harbour Energy from GBX 255 to GBX 245 and set a “hold” rating on the stock in a report on Friday, May 8th. JPMorgan Chase & Co. raised their price objective on Harbour Energy from GBX 278 to GBX 318 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. Finally, Stifel Nicolaus restated a “buy” rating and set a GBX 351 price objective on shares of Harbour Energy in a report on Thursday, May 7th.

Insider Buying and Selling at Harbour Energy

In other news, insider Alexander Krane sold 421,062 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of GBX 267, for a total transaction of £1,124,235.54. Also, insider Blair Thomas sold 60,000,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of GBX 255, for a total value of £153,000,000. 1.96% of the stock is owned by company insiders.

Harbour Energy Stock Performance

Harbour Energy stock opened at GBX 286 on Thursday. The company has a debt-to-equity ratio of 20.81, a quick ratio of 0.33 and a current ratio of 1.04. The stock has a fifty day moving average of GBX 286.08 and a two-hundred day moving average of GBX 241.04. The company has a market capitalization of £4.49 billion, a price-to-earnings ratio of -17.88, a PEG ratio of 0.04 and a beta of -0.23. Harbour Energy has a fifty-two week low of GBX 167.20 and a fifty-two week high of GBX 321.

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.