Harbour Energy (OTCMKTS:HBRIY) Trading 7.4% Higher – Still a Buy?

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) shares shot up 7.4% on Monday . The company traded as high as $3.39 and last traded at $3.3292. 4,486 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 14,826 shares. The stock had previously closed at $3.10.

Wall Street Analysts Forecast Growth

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

Harbour Energy Price Performance

The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.80. The firm’s 50 day moving average price is $2.97 and its two-hundred day moving average price is $3.00.

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.