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

Harbour Energy plc (LON:HBR) 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 ($2.67), for a total transaction of £13,705,198.54 ($17,743,654.25).

Harbour Energy Stock Up 3.0 %

Harbour Energy stock opened at GBX 201.40 ($2.61) on Wednesday. The firm has a 50 day moving average price of GBX 229.73 and a 200-day moving average price of GBX 250.72. 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 plc has a twelve month low of GBX 177.90 ($2.30) and a twelve month high of GBX 333.90 ($4.32). The company has a market capitalization of £3.61 billion, a P/E ratio of 63.32, a P/E/G ratio of 0.04 and a beta of -0.23.

Harbour Energy Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be given a $0.13 dividend. 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 payout ratio is 628.84%.

Analyst Ratings Changes

Several brokerages have recently commented on HBR. Canaccord Genuity Group reduced their target price on Harbour Energy from GBX 360 ($4.66) to GBX 260 ($3.37) and set a “buy” rating for the company in a research note 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 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.