Insider Buying: Harbour Energy plc (LON:HBR) Insider Acquires 86,050 Shares of Stock

Harbour Energy plc (LON:HBR) insider Linda Cook acquired 86,050 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was purchased at an average price of GBX 286 ($3.53) per share, with a total value of £246,103 ($303,980.98).

Harbour Energy Trading Up 2.2 %

LON:HBR opened at GBX 293.40 ($3.62) on Friday. The business has a fifty day moving average price of GBX 273.97 and a 200-day moving average price of GBX 266.04. Harbour Energy plc has a one year low of GBX 210.50 ($2.60) and a one year high of GBX 328.90 ($4.06). The firm has a market capitalization of £2.26 billion, a price-to-earnings ratio of -349.29, a price-to-earnings-growth ratio of 0.04 and a beta of -0.30. The company has a debt-to-equity ratio of 76.75, a current ratio of 0.82 and a quick ratio of 0.33.

Harbour Energy Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Berenberg Bank increased their price objective on Harbour Energy from GBX 250 ($3.09) to GBX 280 ($3.46) and gave the company a “hold” rating in a research report on Monday, February 19th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 350 ($4.32) price objective on shares of Harbour Energy in a research report on Thursday, April 18th.

About Harbour Energy

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.