Harbour Energy (OTCMKTS:HBRIY) Shares Gap Up – Time to Buy?

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY)’s share price gapped up prior to trading on Thursday. The stock had previously closed at $3.61, but opened at $3.80. Harbour Energy shares last traded at $3.71, with a volume of 9,013 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently commented on HBRIY. The Goldman Sachs Group upgraded shares of Harbour Energy from a “hold” rating to a “buy” rating in a report on Thursday, September 10th. Barclays reaffirmed an “overweight” rating on shares of Harbour Energy in a research note on Monday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Harbour Energy Price Performance

The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.59 and a current ratio of 0.70. The firm’s 50 day moving average price is $3.61 and its two-hundred day moving average price is $3.62.

About Harbour Energy

Harbour Energy plc is an independent oil and gas company headquartered in London, United Kingdom. The company explores for, develops and produces hydrocarbons, with operations focused primarily on offshore and other upstream assets.

Harbour Energy has historically maintained a significant presence in the United Kingdom Continental Shelf and has expanded its international portfolio through acquisitions and partnerships. Its activities have included oil and natural gas exploration, field development, production, processing and the decommissioning of mature assets.

In 2024, Harbour Energy completed the acquisition of substantially all of Wintershall Dea’s upstream assets outside Russia, broadening its operations across locations including Norway, Germany, Denmark, Egypt, Argentina and Mexico.