Harbour Energy (OTCMKTS:HBRIY) Stock Price Down 8.5% – Here’s Why

Harbour Energy plc (OTCMKTS:HBRIY) shares traded down 8.5% on Wednesday . The company traded as low as $2.12 and last traded at $2.15. 14,984 shares traded hands during mid-day trading, an increase of 195% from the average session volume of 5,080 shares. The stock had previously closed at $2.35.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered shares of Harbour Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th.

Harbour Energy Stock Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.73 and a current ratio of 0.81. The firm’s fifty day moving average price is $2.47 and its 200 day moving average price is $2.98.

Harbour Energy Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, April 11th will be paid a $0.1119 dividend. The ex-dividend date is Friday, April 11th.

Harbour Energy Company Profile

Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves. The company holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. It is also involved in the decommissioning, financing, gas trading, and risk mitigation activities.