Harbour Energy plc (LON:HBR) Receives Average Rating of “Moderate Buy” from Analysts

Harbour Energy plc (LON:HBR) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 312.67.

Several equities research analysts have recently issued reports on HBR shares. JPMorgan Chase & Co. lowered their price objective on Harbour Energy from GBX 318 to GBX 290 and set a “neutral” rating for the company in a research note on Thursday, June 4th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 295 price objective on shares of Harbour Energy in a research report on Friday, May 8th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 351 price objective on shares of Harbour Energy in a research note on Thursday, May 7th. Berenberg Bank decreased their price target on Harbour Energy from GBX 255 to GBX 245 and set a “hold” rating for the company in a research note on Friday, May 8th. Finally, Canaccord Genuity Group dropped their price objective on Harbour Energy from GBX 450 to GBX 425 and set a “buy” rating for the company in a report on Wednesday, June 24th.

Harbour Energy Stock Up 2.9%

Shares of LON HBR opened at GBX 221.80 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.33 and a debt-to-equity ratio of 20.81. Harbour Energy has a 12-month low of GBX 182 and a 12-month high of GBX 321. The firm’s 50-day moving average price is GBX 262.78 and its 200-day moving average price is GBX 251.30. The stock has a market capitalization of £3.48 billion, a price-to-earnings ratio of -13.86, a P/E/G ratio of 0.04 and a beta of -0.23.

Insider Activity at Harbour Energy

In related news, insider Blair Thomas sold 54,775,572 shares of the firm’s stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of GBX 205, for a total value of £112,289,922.60. Insiders own 1.78% 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.