Harbour Energy (LON:HBR) Trading Down 11.7% – Time to Sell?

Harbour Energy plc (LON:HBR)’s stock price traded down 11.7% during mid-day trading on Thursday . The company traded as low as GBX 184.60 ($2.38) and last traded at GBX 189.05 ($2.44). 9,060,795 shares were traded during trading, an increase of 95% from the average session volume of 4,646,849 shares. The stock had previously closed at GBX 214 ($2.76).

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “not rated” rating on shares of Harbour Energy in a research note on Thursday, January 23rd.

Harbour Energy Stock Down 11.5 %

The stock has a market cap of £3.40 billion, a PE ratio of 59.54, a PEG ratio of 0.04 and a beta of -0.23. The company has a debt-to-equity ratio of 76.75, a current ratio of 0.82 and a quick ratio of 0.33. The company has a 50 day moving average price of GBX 249.01 and a two-hundred day moving average price of GBX 259.92.

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.