The Goldman Sachs Group Upgrades Harbour Energy (OTCMKTS:HBRIY) to “Hold”

Harbour Energy (OTCMKTS:HBRIY) was upgraded by analysts at The Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Jefferies Financial Group downgraded shares of Harbour Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Harbour Energy Stock Performance

Shares of OTCMKTS HBRIY opened at $3.79 on Thursday. Harbour Energy has a 52 week low of $2.51 and a 52 week high of $4.48. The firm has a 50-day moving average price of $3.29 and a 200 day moving average price of $3.58. The company has a current ratio of 1.04, a quick ratio of 0.94 and a debt-to-equity ratio of 0.79.

About Harbour Energy

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.