Harbour Energy (OTCMKTS:HBRIY) Trading Up 7.4% – Here’s Why
by Michael Walen · The Markets DailyShares of Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY – Get Free Report) were up 7.4% on Monday . The stock traded as high as $3.39 and last traded at $3.3292. Approximately 4,486 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 14,826 shares. The stock had previously closed at $3.10.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group lowered shares of Harbour Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.
Read Our Latest Stock Analysis on HBRIY
Harbour Energy Price Performance
The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.93 and a current ratio of 1.00. The business’s 50-day moving average price is $2.93 and its two-hundred day moving average price is $2.99.
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.