Harbour Energy (LON:HBR) Trading 8% Higher

Harbour Energy plc (LON:HBR)’s share price shot up 8% during trading on Tuesday . The company traded as high as GBX 304.50 ($4.02) and last traded at GBX 303.30 ($4.00). 2,028,624 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 2,497,536 shares. The stock had previously closed at GBX 280.90 ($3.70).

Analyst Ratings Changes

Separately, Canaccord Genuity Group upped their target price on shares of Harbour Energy from GBX 360 ($4.75) to GBX 385 ($5.08) and gave the company a “buy” rating in a research note on Thursday, July 11th.

Harbour Energy Stock Performance

The stock has a market cap of £2.32 billion, a price-to-earnings ratio of 3,370.00, a P/E/G ratio of 0.04 and a beta of -0.21. The company has a current ratio of 0.81, a quick ratio of 0.33 and a debt-to-equity ratio of 89.42. The firm has a fifty day simple moving average of GBX 298.86 and a 200-day simple moving average of GBX 289.91.

Harbour Energy Dividend Announcement

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

About Harbour Energy

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.