Harbour Energy (LON:HBR) Reaches New 1-Year Low – Should You Sell?

Harbour Energy plc (LON:HBR) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 177.60 ($2.33) and last traded at GBX 178.17 ($2.33), with a volume of 5556960 shares traded. The stock had previously closed at GBX 195 ($2.56).

Analyst Ratings Changes

A number of brokerages recently weighed in on HBR. Shore Capital reaffirmed a “not rated” rating on shares of Harbour Energy in a research note on Thursday, January 23rd. Canaccord Genuity Group lowered their price objective on shares of Harbour Energy from GBX 360 ($4.72) to GBX 260 ($3.41) and set a “buy” rating on the stock in a research report on Friday, March 14th.

Harbour Energy Stock Down 8.9 %

The company has a market cap of £3.19 billion, a P/E ratio of 55.84, a P/E/G ratio of 0.04 and a beta of -0.23. The stock has a 50-day moving average of GBX 218.55 and a two-hundred day moving average of GBX 248.12. The company has a debt-to-equity ratio of 76.75, a quick ratio of 0.33 and a current ratio of 0.82.

Harbour Energy Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 21st. Investors of record on Thursday, April 10th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 5.21%. This is a positive change from Harbour Energy’s previous dividend of $0.13. Harbour Energy’s dividend payout ratio (DPR) is currently 628.84%.

Insiders Place Their Bets

In other news, insider Simon Henry bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of GBX 198 ($2.59) per share, with a total value of £19,800 ($25,943.40). Also, insider Blair Thomas sold 6,653,009 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of GBX 206 ($2.70), for a total transaction of £13,705,198.54 ($17,957,545.26). 64.08% of the stock is currently owned by 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.