Harbour Energy (LON:HBR) Hits New 52-Week Low – What’s Next?

Harbour Energy plc (LON:HBR)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 150.10 ($1.99) and last traded at GBX 151.70 ($2.01), with a volume of 3084075 shares traded. The stock had previously closed at GBX 156 ($2.06).

Wall Street Analyst Weigh In

Several analysts recently commented on HBR shares. Canaccord Genuity Group cut their price objective on shares of Harbour Energy from GBX 360 ($4.76) to GBX 260 ($3.44) and set a “buy” rating on the stock in a research report on Friday, March 14th. Shore Capital reiterated a “not rated” rating on shares of Harbour Energy in a report on Thursday, January 23rd.

Harbour Energy Stock Performance

The business has a fifty day moving average price of GBX 203.70 and a 200-day moving average price of GBX 240.99. The stock has a market capitalization of £2.73 billion, a P/E ratio of 47.89, a P/E/G ratio of 0.04 and a beta of -0.23. The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 76.75.

Harbour Energy Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.13 per share. This represents a dividend yield of 5.21%. The ex-dividend date is Thursday, April 10th. This is an increase from Harbour Energy’s previous dividend of $0.13. Harbour Energy’s dividend payout ratio (DPR) is presently 628.84%.

Insider Transactions at Harbour Energy

In other Harbour Energy news, insider Louise Hough purchased 12,116 shares of Harbour Energy stock in a transaction dated Tuesday, April 8th. The stock was purchased at an average price of GBX 176 ($2.33) per share, with a total value of £21,324.16 ($28,221.49). Also, insider Alan M. Ferguson acquired 21,436 shares of the stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of GBX 187 ($2.47) per share, for a total transaction of £40,085.32 ($53,050.98). Insiders purchased 43,552 shares of company stock worth $8,120,948 over the last three months. 64.08% of the stock is currently owned by company insiders.

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.