Harbour Energy (OTCMKTS:HBRIY) Reaches New 52-Week High – Should You Buy?

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $3.84 and last traded at $3.84, with a volume of 10136 shares changing hands. The stock had previously closed at $3.2855.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded shares of Harbour Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Harbour Energy Trading Down 1.3%

The stock has a fifty day moving average of $2.97 and a two-hundred day moving average of $3.00. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.80.

About Harbour Energy

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.