Harbour Energy (LON:HBR) Trading 1.8% Higher – What’s Next?

Shares of Harbour Energy plc (LON:HBR) were up 1.8% on Tuesday . The company traded as high as GBX 254.30 ($3.20) and last traded at GBX 254.30 ($3.20). Approximately 1,419,202 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 3,056,242 shares. The stock had previously closed at GBX 249.90 ($3.15).

Harbour Energy Stock Performance

The company has a debt-to-equity ratio of 89.42, a quick ratio of 0.33 and a current ratio of 0.81. The firm’s 50 day moving average is GBX 265.84 and its 200-day moving average is GBX 287.54. The company has a market cap of £3.83 billion, a PE ratio of 2,975.56, a PEG ratio of 0.04 and a beta of -0.23.

Insider Transactions at Harbour Energy

In related news, insider Simon Henry purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average price of GBX 289 ($3.64) per share, for a total transaction of £57,800 ($72,768.48). Also, insider Blair Thomas sold 8,200,000 shares of Harbour Energy stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of GBX 265 ($3.34), for a total value of £21,730,000 ($27,357,421.63). Company insiders own 64.08% of the company’s stock.

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.