Harbour Energy (OTCMKTS:HBRIY) Shares Gap Down – Here’s What Happened

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $3.73, but opened at $3.27. Harbour Energy shares last traded at $3.6150, with a volume of 11,639 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HBRIY shares. The Goldman Sachs Group upgraded shares of Harbour Energy from a “hold” rating to a “buy” rating in a research report on Thursday, September 10th. Jefferies Financial Group cut shares of Harbour Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Harbour Energy Stock Performance

The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.94 and a current ratio of 1.04. The firm has a 50-day moving average of $3.53 and a 200 day moving average of $3.65.

Harbour Energy Company Profile

Harbour Energy plc is an independent oil and natural gas company headquartered in London. The company explores for, develops and produces hydrocarbons, with activities spanning the upstream energy value chain from exploration and appraisal through field development, production and decommissioning.

Harbour’s portfolio includes interests in producing and developing oil and gas fields, as well as exploration licenses and infrastructure supporting offshore and onshore operations. Its activities have included production from the United Kingdom Continental Shelf and international operations in countries such as Norway, Germany, Denmark, Egypt, Argentina and Mexico.

The company was established as Chrysaor in 2014 and became Harbour Energy following its combination with Premier Oil in 2021.