Harbour Energy (LON:HBR) Stock Price Up 0.4% – Still a Buy?

Harbour Energy plc (LON:HBR) traded up 0.4% during mid-day trading on Wednesday. The company traded as high as GBX 274 and last traded at GBX 268.80. Approximately 2,119,582 shares were traded during mid-day trading, a decline of 91% from the average session volume of 22,416,830 shares. The stock had previously closed at GBX 267.60.

Analysts Set New Price Targets

Several research analysts have commented on HBR shares. Berenberg Bank restated a “hold” rating and set a GBX 245 price objective on shares of Harbour Energy in a report on Thursday, August 6th. JPMorgan Chase & Co. lifted their price objective on Harbour Energy from GBX 260 to GBX 280 and gave the company a “neutral” rating in a report on Monday, August 10th. Finally, Canaccord Genuity Group decreased 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. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Harbour Energy currently has an average rating of “Moderate Buy” and a consensus price target of GBX 311.

Harbour Energy Trading Up 0.3%

The stock has a market cap of £4.19 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 0.04 and a beta of -0.23. The company has a debt-to-equity ratio of 166.66, a current ratio of 0.70 and a quick ratio of 0.33. The company’s fifty day moving average price is GBX 261.25 and its 200-day moving average price is GBX 262.86.

About Harbour Energy

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.