Insider Selling: Harbour Energy plc (LON:HBR) Insider Sells 170,746 Shares of Stock

Harbour Energy plc (LON:HBR) insider Linda Cook sold 170,746 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of GBX 282 ($3.54), for a total value of £481,503.72 ($604,904.17).

Linda Cook also recently made the following trade(s):

• On Thursday, April 25th, Linda Cook acquired 86,050 shares of Harbour Energy stock. The stock was bought at an average price of GBX 286 ($3.59) per share, for a total transaction of £246,103 ($309,174.62).

Harbour Energy Price Performance

HBR opened at GBX 295.76 ($3.72) on Thursday. The stock’s 50-day moving average price is GBX 278.16 and its 200 day moving average price is GBX 267.33. Harbour Energy plc has a 12-month low of GBX 210.50 ($2.64) and a 12-month high of GBX 328.90 ($4.13). The firm has a market cap of £2.28 billion, a price-to-earnings ratio of -349.22, 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 Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Thursday, April 11th will be given a dividend of $0.13 per share. This represents a dividend 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 is currently -2,380.95%.

Analysts Set New Price Targets

A number of brokerages have weighed in on HBR. Jefferies Financial Group reiterated a “buy” rating and set a GBX 350 ($4.40) price target on shares of Harbour Energy in a research report on Thursday, April 18th. Berenberg Bank lifted their target price on shares of Harbour Energy from GBX 250 ($3.14) to GBX 280 ($3.52) and gave the company a “hold” rating in a report on Monday, February 19th.

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.