Harbour Energy (OTCMKTS:HBRIY) Shares Gap Down – Here’s What Happened

Shares of Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) gapped down before the market opened on Monday . The stock had previously closed at $3.03, but opened at $2.83. Harbour Energy shares last traded at $3.21, with a volume of 750 shares.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut shares of Harbour Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Harbour Energy Trading Down 7.5%

The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average price is $2.88 and its two-hundred day moving average price is $2.97.

Harbour Energy Company Profile

Harbour Energy PLC (OTCMKTS: HBRIY) is a London-based independent oil and gas exploration and production company formed in July 2021 through the merger of Premier Oil and Chrysaor. As the largest UK-listed E&P group by production, the company focuses on developing and operating a diversified portfolio of upstream assets to deliver long-term value through stable cash flow and disciplined capital allocation.

The company’s core business activities encompass the exploration, development and production of crude oil and natural gas.