Harbour Energy plc (LON:HBR) Insider Purchases £57,800 in Stock

Harbour Energy plc (LON:HBR) insider Simon Henry acquired 20,000 shares of the stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average price of GBX 289 ($3.80) per share, for a total transaction of £57,800 ($76,002.63).

Harbour Energy Price Performance

Shares of LON:HBR opened at GBX 273.70 ($3.60) on Friday. The company has a market cap of £2.09 billion, a price-to-earnings ratio of 3,041.11, a PEG ratio of 0.04 and a beta of -0.23. The company has a debt-to-equity ratio of 89.42, a current ratio of 0.81 and a quick ratio of 0.33. The firm has a 50 day simple moving average of GBX 296.08 and a 200 day simple moving average of GBX 291.29. Harbour Energy plc has a one year low of GBX 210.50 ($2.77) and a one year high of GBX 333.90 ($4.39).

Harbour Energy Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, September 25th. Investors of record on Thursday, August 15th will be paid a $0.13 dividend. This represents a yield of 3.6%. The ex-dividend date of this dividend is Thursday, August 15th. Harbour Energy’s payout ratio is 22,222.22%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upped their price target on shares of Harbour Energy from GBX 360 ($4.73) to GBX 385 ($5.06) and gave the company a “buy” rating in a research note on Thursday, July 11th.

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.