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

Harbour Energy plc (LON:HBR) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 312.67.

HBR has been the topic of several analyst reports. 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. JPMorgan Chase & Co. cut their target price on Harbour Energy from GBX 318 to GBX 290 and set a “neutral” rating for the company in a research report on Thursday, June 4th. Berenberg Bank decreased their price target 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. Canaccord Genuity Group decreased their price target on Harbour Energy from GBX 450 to GBX 425 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a GBX 351 price target on shares of Harbour Energy in a research report on Thursday, May 7th.

Harbour Energy Stock Performance

LON:HBR opened at GBX 215.20 on Friday. Harbour Energy has a 12-month low of GBX 182 and a 12-month high of GBX 321. The company has a quick ratio of 0.33, a current ratio of 1.04 and a debt-to-equity ratio of 20.81. The firm has a market capitalization of £3.38 billion, a PE ratio of -13.45, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. The firm has a 50-day moving average price of GBX 267.14 and a 200 day moving average price of GBX 251.12.

Insider Activity

In other news, insider Alexander Krane sold 421,062 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of GBX 267, for a total value of £1,124,235.54. Insiders own 1.78% of the company’s stock.

Harbour Energy Company Profile

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.