Harbour Energy plc (LON:HBR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Harbour Energy plc (LON:HBR) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 299.83.

HBR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Harbour Energy from GBX 278 to GBX 318 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. Berenberg Bank cut their target price on Harbour Energy from GBX 255 to GBX 245 and set a “hold” rating on the stock in a research note on Friday, May 8th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 351 price objective on shares of Harbour Energy in a research note on Thursday, May 7th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 295 price objective on shares of Harbour Energy in a research note on Friday, May 8th.

Insider Activity at Harbour Energy

In related news, insider Blair Thomas sold 60,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of GBX 255, for a total value of £153,000,000. Also, insider Alexander Krane sold 421,062 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of GBX 267, for a total value of £1,124,235.54. 1.96% of the stock is currently owned by corporate insiders.

Harbour Energy Price Performance

Shares of LON HBR opened at GBX 288.80 on Thursday. Harbour Energy has a twelve month low of GBX 167.20 and a twelve month high of GBX 321. The stock’s 50 day moving average price is GBX 287.39 and its 200-day moving average price is GBX 243.66. The company has a market capitalization of £4.53 billion, a PE ratio of -18.05, a PEG ratio of 0.04 and a beta of -0.23. The company has a quick ratio of 0.33, a current ratio of 1.04 and a debt-to-equity ratio of 20.81.

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.