Harbour Energy (LON:HBR) Trading Up 1.3% – Still a Buy?

Shares of Harbour Energy plc (LON:HBR) were up 1.3% on Wednesday . The stock traded as high as GBX 256.50 ($3.24) and last traded at GBX 256 ($3.23). Approximately 621,323 shares traded hands during trading, a decline of 79% from the average daily volume of 2,944,217 shares. The stock had previously closed at GBX 252.80 ($3.19).

Harbour Energy Trading Down 0.4 %

The business has a 50 day simple moving average of GBX 262.88 and a 200-day simple moving average of GBX 282.59. The stock has a market capitalization of £3.66 billion, a price-to-earnings ratio of 2,846.67, 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.

Insider Activity

In related news, insider Blair Thomas sold 8,200,000 shares of the firm’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of GBX 265 ($3.34), for a total transaction of £21,730,000 ($27,426,479.87). 64.08% of the stock is currently owned by company insiders.

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.