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 Harbour Energy stock in a transaction that occurred on Friday, July 3rd. The shares were sold at an average price of GBX 205, for a total transaction of £112,289,922.60.

Harbour Energy Price Performance

LON HBR traded down GBX 0.40 on Tuesday, hitting GBX 212.60. 10,405,309 shares of the company’s stock were exchanged, compared to its average volume of 26,084,131. The stock has a 50-day moving average of GBX 264.19 and a 200-day moving average of GBX 251.22. The stock has a market cap of £3.34 billion, a price-to-earnings ratio of -13.29, a P/E/G ratio of 0.04 and a beta of -0.23. Harbour Energy plc has a 52 week low of GBX 182 and a 52 week high of GBX 321. The company has a current ratio of 1.04, a quick ratio of 0.33 and a debt-to-equity ratio of 20.81.

Analyst Ratings Changes

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

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.