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

Shares of Harbour Energy plc (LON:HBR) have earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 312.67.

Several equities research analysts recently weighed in on HBR shares. Berenberg Bank reduced their target price on shares of Harbour Energy from GBX 255 to GBX 245 and set a “hold” rating for the company in a research note on Friday, May 8th. JPMorgan Chase & Co. cut their price target on Harbour Energy from GBX 318 to GBX 290 and set a “neutral” rating for the company in a report on Thursday, June 4th. Canaccord Genuity Group reduced their price objective on Harbour Energy from GBX 450 to GBX 425 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 351 price objective on shares of Harbour Energy in a research report on Thursday, May 7th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 295 price objective on shares of Harbour Energy in a report on Friday, May 8th.

Harbour Energy Stock Performance

LON HBR opened at GBX 215.20 on Friday. The company’s fifty day moving average is GBX 267.14 and its two-hundred day moving average is GBX 251.12. Harbour Energy has a 52-week low of GBX 182 and a 52-week high of GBX 321. The company has a debt-to-equity ratio of 20.81, a current ratio of 1.04 and a quick ratio of 0.33. The firm has a market capitalization of £3.38 billion, a price-to-earnings ratio of -13.45, a P/E/G ratio of 0.04 and a beta of -0.23.

Insider Buying and Selling

In other Harbour Energy news, insider Alexander Krane sold 421,062 shares of Harbour Energy stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of GBX 267, for a total transaction of £1,124,235.54. 1.78% of the stock is currently owned by company insiders.

About Harbour Energy

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.