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

Harbour Energy plc (LON:HBR) shares reached a new 52-week low on Friday . The company traded as low as GBX 177.60 ($2.29) and last traded at GBX 178.17 ($2.30), with a volume of 5556960 shares changing hands. The stock had previously closed at GBX 195 ($2.51).

Analysts Set New Price Targets

HBR has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered their price target on Harbour Energy from GBX 360 ($4.64) to GBX 260 ($3.35) and set a “buy” rating on the stock in a research report on Friday, March 14th. Shore Capital reissued a “not rated” rating on shares of Harbour Energy in a research note on Thursday, January 23rd.

Harbour Energy Trading Down 11.1 %

The business’s 50-day simple moving average is GBX 216.93 and its two-hundred day simple moving average is GBX 247.54. The firm has a market capitalization of £3.11 billion, a price-to-earnings ratio of 54.52, a PEG ratio of 0.04 and a beta of -0.23. The company has a quick ratio of 0.33, a current ratio of 0.82 and a debt-to-equity ratio of 76.75.

Harbour Energy Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.13 per share. This represents a yield of 5.21%. This is a boost from Harbour Energy’s previous dividend of $0.13. The ex-dividend date of this dividend is Thursday, April 10th. Harbour Energy’s dividend payout ratio is 628.84%.

Insiders Place Their Bets

In other Harbour Energy news, insider Blair Thomas sold 6,653,009 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of GBX 206 ($2.66), for a total transaction of £13,705,198.54 ($17,672,725.39). Also, insider Alan M. Ferguson acquired 21,436 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was bought at an average price of GBX 187 ($2.41) per share, with a total value of £40,085.32 ($51,689.65). Insiders own 64.08% of the company’s stock.

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.