Harbour Energy plc (LON:HBR) Insider Acquires £246,103 in Stock

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

Harbour Energy Price Performance

Shares of LON:HBR opened at GBX 293.52 ($3.63) on Friday. The firm has a 50 day moving average of GBX 273.41 and a 200-day moving average of GBX 265.76. The stock has a market capitalization of £2.26 billion, a PE ratio of -341.90, a PEG ratio of 0.04 and a beta of -0.30. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 76.75. Harbour Energy plc has a 12 month low of GBX 210.50 ($2.60) and a 12 month high of GBX 328.90 ($4.06).

Harbour Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HBR. Berenberg Bank boosted their target price on shares of 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 restated a “buy” rating and issued a GBX 350 ($4.32) target price 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.