Harbour Energy (OTCMKTS:PMOIF) Stock Price Down 3% – Here’s What Happened

Harbour Energy plc (OTCMKTS:PMOIF) shares traded down 3% during mid-day trading on Thursday . The stock traded as low as $3.25 and last traded at $3.25. 301 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 15,068 shares. The stock had previously closed at $3.35.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded Harbour Energy from a “buy” rating to a “sell” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Harbour Energy Stock Performance

The stock’s 50 day moving average price is $2.89 and its 200 day moving average price is $2.95.

About Harbour Energy

Harbour Energy plc is a British oil and gas exploration and production company headquartered in London. It was established in 2014 as a spin-off from Noble Group’s energy division and is listed on the London Stock Exchange (ticker: HBR) with an over-the-counter quotation in the United States (OTCMKTS: PMOIF). Since its inception, the company has grown through strategic acquisitions, including the purchase of BP’s North Sea assets in 2017 and the merger with Chrysaor Energy in 2021, positioning it among the largest independent hydrocarbon producers in the UK.

The company’s core operations encompass upstream activities across the hydrocarbon value chain.