Blair Thomas Sells 54,775,572 Shares of Harbour Energy (LON:HBR) Stock

Harbour Energy plc (LON:HBR) insider Blair Thomas sold 54,775,572 shares of the company’s stock in a transaction that occurred on Friday, July 3rd. The shares were sold at an average price of GBX 205, for a total value of £112,289,922.60.

Harbour Energy Stock Performance

LON:HBR traded down GBX 0.40 during mid-day trading on Tuesday, hitting GBX 212.60. 10,405,309 shares of the stock were exchanged, compared to its average volume of 26,084,131. The firm’s 50-day simple moving average is GBX 264.19 and its 200 day simple moving average is GBX 251.22. The stock has a market capitalization of £3.34 billion, a price-to-earnings ratio of -13.29, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. Harbour Energy plc has a fifty-two week low of GBX 182 and a fifty-two week high of GBX 321. The company has a debt-to-equity ratio of 20.81, a quick ratio of 0.33 and a current ratio of 1.04.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Berenberg Bank dropped their price objective on shares of Harbour Energy from GBX 255 to GBX 245 and set a “hold” rating for the company in a research note on Friday, May 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 351 target price on shares of Harbour Energy in a report on Thursday, May 7th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 295 price target on shares of Harbour Energy in a research report on Friday, May 8th. Canaccord Genuity Group cut their price target on Harbour Energy from GBX 450 to GBX 425 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. reduced their price target on Harbour Energy from GBX 318 to GBX 290 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 312.67.

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.