Harbour Energy (LON:HBR) Earns Buy Rating from Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Harbour Energy (LON:HBR) in a research report report published on Thursday morning, Marketbeat Ratings reports. Jefferies Financial Group currently has a GBX 350 ($4.36) target price on the stock.

Separately, Berenberg Bank raised their price target on shares of Harbour Energy from GBX 250 ($3.11) to GBX 280 ($3.49) and gave the stock a hold rating in a research note on Monday, February 19th.

Harbour Energy Stock Performance

Shares of HBR stock opened at GBX 279.08 ($3.47) on Thursday. The company has a market capitalization of £2.15 billion, a P/E ratio of -337.26, a price-to-earnings-growth ratio of 0.04 and a beta of -0.30. Harbour Energy has a 52 week low of GBX 210.50 ($2.62) and a 52 week high of GBX 328.90 ($4.09). The company’s 50 day moving average price is GBX 271.14 and its two-hundred day moving average price is GBX 264.36. The company has a debt-to-equity ratio of 76.75, a quick ratio of 0.33 and a current ratio of 0.82.

Harbour Energy Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Thursday, April 11th will be paid a dividend of $0.13 per share. This is a boost from Harbour Energy’s previous dividend of $0.12. This represents a dividend yield of 3.73%. The ex-dividend date of this dividend is Thursday, April 11th. Harbour Energy’s dividend payout ratio (DPR) is currently -2,380.95%.

Insider Activity at Harbour Energy

In other news, insider Louise Hough bought 6,800 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was acquired at an average cost of GBX 289 ($3.60) per share, with a total value of £19,652 ($24,464.09). In other Harbour Energy news, insider Alan M. Ferguson purchased 10,000 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was acquired at an average price of GBX 283 ($3.52) per share, with a total value of £28,300 ($35,229.68). Also, insider Louise Hough purchased 6,800 shares of the business’s stock in a transaction on Friday, April 12th. The shares were acquired at an average cost of GBX 289 ($3.60) per share, with a total value of £19,652 ($24,464.09). 33.70% of the stock is owned by company insiders.

Harbour Energy Company Profile

Harbour Energy plc, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas reserves. It holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. The company was incorporated in 2002 and is headquartered in London, the United Kingdom.