Harbour Energy (LON:HBR) Hits New 1-Year High – Still a Buy?

Harbour Energy plc (LON:HBR)’s share price reached a new 52-week high on Monday . The company traded as high as GBX 300.60 and last traded at GBX 298, with a volume of 33536309 shares changing hands. The stock had previously closed at GBX 288.10.

Analyst Ratings Changes

Several equities research analysts have recently commented on HBR shares. JPMorgan Chase & Co. boosted their target price on shares of Harbour Energy from GBX 270 to GBX 278 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. Canaccord Genuity Group lifted their price target on Harbour Energy from GBX 292 to GBX 320 and gave the company a “buy” rating in a research note on Thursday, December 18th. Peel Hunt reissued a “buy” rating and set a GBX 270 price objective on shares of Harbour Energy in a report on Monday, December 15th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 225 target price on shares of Harbour Energy in a report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Harbour Energy has a consensus rating of “Moderate Buy” and an average target price of GBX 276.60.

Harbour Energy Stock Performance

The company’s 50 day moving average price is GBX 230.86 and its 200-day moving average price is GBX 219.51. The stock has a market cap of £4.66 billion, a P/E ratio of -10.09, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. The company has a debt-to-equity ratio of 20.81, a quick ratio of 0.33 and a current ratio of 1.04.

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.