Harbour Energy (OTCMKTS:HBRIY) Hits New 1-Year Low – Here’s Why

Harbour Energy plc (OTCMKTS:HBRIY) hit a new 52-week low on Friday . The company traded as low as $2.29 and last traded at $2.37, with a volume of 10334 shares traded. The stock had previously closed at $2.60.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered Harbour Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th.

Harbour Energy Stock Performance

The stock has a 50 day moving average price of $2.88 and a two-hundred day moving average price of $3.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.73 and a current ratio of 0.81.

Harbour Energy Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, April 11th will be given a dividend of $0.1119 per share. The ex-dividend date of this dividend is Friday, April 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.