Harbour Energy (LON:HBR) Stock Price Up 0.4%

Harbour Energy plc (LON:HBR) rose 0.4% on Thursday . The company traded as high as GBX 277.20 ($3.50) and last traded at GBX 275.80 ($3.49). Approximately 652,696 shares changed hands during trading, a decline of 78% from the average daily volume of 2,904,449 shares. The stock had previously closed at GBX 274.60 ($3.47).

Analysts Set New Price Targets

HBR has been the topic of a number of recent research reports. Berenberg Bank lifted their price objective on Harbour Energy from GBX 250 ($3.16) to GBX 280 ($3.54) and gave the company a “hold” rating in a report on Monday, February 19th. Barclays reaffirmed an “overweight” rating and set a GBX 360 ($4.55) price objective on shares of Harbour Energy in a report on Thursday, November 30th.

Harbour Energy Stock Up 0.4 %

The firm has a market capitalization of £2.12 billion, a price-to-earnings ratio of -328.33, a P/E/G ratio of 0.04 and a beta of -0.30. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 76.75. The firm has a fifty day moving average price of GBX 269.26 and a 200 day moving average price of GBX 260.83.

Harbour Energy Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, April 11th will be given a $0.13 dividend. This represents a yield of 3.73%. The ex-dividend date is Thursday, April 11th. This is a boost from Harbour Energy’s previous dividend of $0.12. Harbour Energy’s payout ratio is -2,380.95%.

About Harbour Energy

Harbour Energy plc, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas reserves. It holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. The company was incorporated in 2002 and is headquartered in London, the United Kingdom.