Insider Buying: Harbour Energy plc (LON:HBR) Insider Acquires £19,652 in Stock

Harbour Energy plc (LON:HBR) insider Louise Hough purchased 6,800 shares of Harbour Energy stock in a transaction that occurred on Friday, April 12th. The shares were bought at an average price of GBX 289 ($3.60) per share, for a total transaction of £19,652 ($24,464.09).

Harbour Energy Price Performance

Shares of LON HBR opened at GBX 289.50 ($3.60) on Thursday. Harbour Energy plc has a 1 year low of GBX 210.50 ($2.62) and a 1 year high of GBX 328.90 ($4.09). The company has a debt-to-equity ratio of 76.75, a current ratio of 0.82 and a quick ratio of 0.33. The company’s 50-day moving average is GBX 270.59 and its 200 day moving average is GBX 264.22. The stock has a market capitalization of £2.23 billion, a P/E ratio of -348.26, a P/E/G ratio of 0.04 and a beta of -0.30.

Harbour Energy Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, April 11th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, April 11th. This represents a yield of 3.73%. This is a positive change from Harbour Energy’s previous dividend of $0.12. Harbour Energy’s payout ratio is presently -2,380.95%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank boosted their price target on shares of Harbour Energy from GBX 250 ($3.11) to GBX 280 ($3.49) and gave the company a “hold” rating in a research report on Monday, February 19th.

About Harbour Energy

Harbour Energy plc, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas reserves. It holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. The company was incorporated in 2002 and is headquartered in London, the United Kingdom.