Harbour Energy (OTCMKTS:HBRIY) Price Target Cut to 570.00

Harbour Energy (OTCMKTS:HBRIY) had its price target dropped by analysts at Barclays from 625.00 to 570.00 in a report issued on Friday, The Fly reports. The brokerage currently has an “overweight” rating on the stock.

A number of other equities research analysts also recently commented on the stock. Royal Bank of Canada downgraded shares of Harbour Energy from an “outperform” rating to a “sector perform” rating in a report on Wednesday, December 15th. Berenberg Bank downgraded shares of Harbour Energy from a “buy” rating to a “hold” rating in a report on Wednesday, December 15th. Stifel Nicolaus upgraded shares of Harbour Energy from a “hold” rating to a “buy” rating in a report on Tuesday, December 7th. Morgan Stanley raised shares of Harbour Energy from an “equal weight” rating to an “overweight” rating in a research report on Thursday, October 21st. Finally, Zacks Investment Research raised shares of Harbour Energy from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a research report on Thursday, December 9th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $288.00.

OTCMKTS:HBRIY remained flat at $$5.02 during mid-day trading on Friday. The firm has a fifty day moving average price of $4.93. Harbour Energy has a 12-month low of $4.19 and a 12-month high of $10.50.

About Harbour Energy

Harbour Energy Plc is an oil and gas company, which engages in the exploration and production of upstream oil and gas. It focuses its operations in Falkland Islands, Indonesia, Vietnam, the United Kingdom, Mexico, and Norway. The company was founded in 1934 and is headquartered in London, the United Kingdom.

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