Harbour Energy (OTCMKTS:HBRIY) Upgraded by The Goldman Sachs Group to “Hold” Rating

Harbour Energy (OTCMKTS:HBRIY) was upgraded by equities research analysts at The Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Separately, Jefferies Financial Group downgraded Harbour Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Harbour Energy presently has an average rating of “Hold”.

Harbour Energy Price Performance

Harbour Energy stock opened at $3.79 on Thursday. Harbour Energy has a one year low of $2.51 and a one year high of $4.48. The company’s fifty day moving average price is $3.29 and its two-hundred day moving average price is $3.58. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.04 and a quick ratio of 0.94.

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.