Harbour Energy plc (LON:HBR) Insider Sells £13,705,198.54 in Stock

Harbour Energy plc (LON:HBR) insider Blair Thomas sold 6,653,009 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of GBX 206 ($2.67), for a total value of £13,705,198.54 ($17,743,654.25).

Harbour Energy Price Performance

Shares of LON:HBR opened at GBX 209.50 ($2.71) on Friday. The stock has a market cap of £3.76 billion, a price-to-earnings ratio of 65.87, a PEG ratio of 0.04 and a beta of -0.23. The company has a debt-to-equity ratio of 76.75, a current ratio of 0.82 and a quick ratio of 0.33. Harbour Energy plc has a 12 month low of GBX 177.90 ($2.30) and a 12 month high of GBX 333.90 ($4.32). The stock’s 50 day moving average price is GBX 226.52 and its 200 day moving average price is GBX 249.95.

Harbour Energy Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be paid a $0.13 dividend. This represents a dividend yield of 5.21%. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Harbour Energy’s previous dividend of $0.13. Harbour Energy’s payout ratio is currently 628.84%.

Wall Street Analysts Forecast Growth

HBR has been the subject of a number of analyst reports. Shore Capital reiterated a “not rated” rating on shares of Harbour Energy in a research report on Thursday, January 23rd. Canaccord Genuity Group reduced their price objective on shares of Harbour Energy from GBX 360 ($4.66) to GBX 260 ($3.37) and set a “buy” rating for the company in a report on Friday, March 14th.

About Harbour Energy

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.