Harbour Energy (LON:HBR) Reaches New 12-Month Low – Time to Sell?

by · The Cerbat Gem

Harbour Energy plc (LON:HBR – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 177.60 ($2.33) and last traded at GBX 178.17 ($2.33), with a volume of 5556960 shares traded. The stock had previously closed at GBX 195 ($2.56).

Wall Street Analysts Forecast Growth

HBR has been the subject of several recent analyst reports. Canaccord Genuity Group decreased their target price on shares of Harbour Energy from GBX 360 ($4.72) to GBX 260 ($3.41) and set a “buy” rating for the company in a report on Friday, March 14th. Shore Capital reiterated a “not rated” rating on shares of Harbour Energy in a research note on Thursday, January 23rd.

Read Our Latest Analysis on HBR

Harbour Energy Price Performance

The stock has a market capitalization of £3.19 billion, a PE ratio of 55.84, a PEG ratio of 0.04 and a beta of -0.23. The firm’s fifty day moving average price is GBX 218.55 and its two-hundred day moving average price is GBX 248.12. 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 company also recently announced a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Thursday, April 10th will be given a $0.13 dividend. This represents a yield of 5.21%. This is a boost from Harbour Energy’s previous dividend of $0.13. The ex-dividend date of this dividend is Thursday, April 10th. Harbour Energy’s dividend payout ratio (DPR) is presently 628.84%.

Insider Activity

In other news, insider Alan M. Ferguson acquired 21,436 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of GBX 187 ($2.45) per share, for a total transaction of £40,085.32 ($52,522.69). Also, insider Simon Henry bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of GBX 198 ($2.59) per share, with a total value of £19,800 ($25,943.40). Insiders own 64.08% of the company’s stock.

About Harbour Energy

(Get Free Report)

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.

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