Harbour Energy (LON:HBR) Stock Price Down 14.5% – Here’s Why

Harbour Energy plc (LON:HBR)’s share price fell 14.5% during trading on Thursday . The company traded as low as GBX 182.50 ($2.35) and last traded at GBX 182.95 ($2.36). 10,631,476 shares changed hands during trading, an increase of 127% from the average session volume of 4,680,994 shares. The stock had previously closed at GBX 214 ($2.76).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “not rated” rating on shares of Harbour Energy in a research report on Thursday, January 23rd.

Harbour Energy Stock Performance

The stock has a market cap of £3.43 billion, a PE ratio of 60.02, a P/E/G ratio of 0.04 and a beta of -0.23. The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 76.75. The stock has a 50-day moving average of GBX 249.01 and a 200 day moving average of GBX 259.92.

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.