Harbour Energy’s (HBR) “Buy” Rating Reaffirmed at Stifel Nicolaus

Harbour Energy (LON:HBR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Stifel Nicolaus in a report released on Thursday,Digital Look reports. They presently have a GBX 351 price objective on the stock. Stifel Nicolaus’ target price points to a potential upside of 25.18% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Harbour Energy from GBX 278 to GBX 318 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. Berenberg Bank restated a “hold” rating and set a GBX 225 target price on shares of Harbour Energy in a research note on Thursday, March 5th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 295.67.

Harbour Energy Stock Up 0.3%

Shares of HBR stock traded up GBX 0.80 during mid-day trading on Thursday, hitting GBX 280.40. 8,911,097 shares of the stock traded hands, compared to its average volume of 16,940,092. Harbour Energy has a 52-week low of GBX 165 and a 52-week high of GBX 321. The stock has a market cap of £4.40 billion, a P/E ratio of -17.53, a P/E/G ratio of 0.04 and a beta of -0.23. The company has a debt-to-equity ratio of 20.81, a current ratio of 1.04 and a quick ratio of 0.33. The stock’s fifty day moving average is GBX 282.53 and its two-hundred day moving average is GBX 238.17.

Insider Activity

In other Harbour Energy news, insider Alexander Krane sold 421,062 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of GBX 267, for a total transaction of £1,124,235.54. Also, insider Blair Thomas sold 60,000,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of GBX 255, for a total transaction of £153,000,000. Company insiders own 1.96% of the company’s stock.

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.