Harbour Energy plc (LON:HBR) Insider Blair Thomas Sells 6,653,009 Shares

Harbour Energy plc (LON:HBR) insider Blair Thomas sold 6,653,009 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of GBX 206 ($2.66), for a total value of £13,705,198.54 ($17,709,262.88).

Harbour Energy Price Performance

Shares of HBR stock traded up GBX 7.75 ($0.10) during trading hours on Tuesday, reaching GBX 203.20 ($2.63). 7,995,645 shares of the company were exchanged, compared to its average volume of 10,748,111. The stock’s fifty day moving average is GBX 231.25 and its two-hundred day moving average is GBX 251.27. The company has a market cap of £3.65 billion, a price-to-earnings ratio of 63.89, a P/E/G ratio of 0.04 and a beta of -0.23. Harbour Energy plc has a fifty-two week low of GBX 177.90 ($2.30) and a fifty-two week high of GBX 333.90 ($4.31). The company has a debt-to-equity ratio of 76.75, a current ratio of 0.82 and a quick ratio of 0.33.

Harbour Energy Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 21st. Investors of record on Thursday, April 10th will be issued a $0.13 dividend. This represents a yield of 5.21%. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Harbour Energy’s previous dividend of $0.13. Harbour Energy’s dividend payout ratio is currently 628.84%.

Analyst Ratings Changes

Several brokerages recently issued reports on HBR. Canaccord Genuity Group cut their price target on shares of Harbour Energy from GBX 360 ($4.65) to GBX 260 ($3.36) and set a “buy” rating for the company in a report on Friday, March 14th. Shore Capital reissued a “not rated” rating on shares of Harbour Energy in a report on Thursday, January 23rd.

Harbour Energy Company Profile

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.