Blair Thomas Sells 8,200,000 Shares of Harbour Energy plc (LON:HBR) Stock

by · The Cerbat Gem

Harbour Energy plc (LON:HBR – Get Free Report) insider Blair Thomas sold 8,200,000 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of GBX 265 ($3.47), for a total transaction of £21,730,000 ($28,438,686.04).

Harbour Energy Stock Down 3.4 %

Shares of LON HBR opened at GBX 273.40 ($3.58) on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.33 and a debt-to-equity ratio of 89.42. The business has a 50-day moving average of GBX 279.55 and a 200-day moving average of GBX 292.04. The firm has a market capitalization of £3.91 billion, a price-to-earnings ratio of 3,037.78, a PEG ratio of 0.04 and a beta of -0.23. Harbour Energy plc has a 12 month low of GBX 210.50 ($2.75) and a 12 month high of GBX 333.90 ($4.37).

Harbour Energy Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 25th. Stockholders of record on Thursday, August 15th were given a dividend of $0.13 per share. This represents a dividend yield of 3.6%. The ex-dividend date of this dividend was Thursday, August 15th. Harbour Energy’s dividend payout ratio (DPR) is currently 22,222.22%.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised their price target on shares of Harbour Energy from GBX 360 ($4.71) to GBX 385 ($5.04) and gave the company a “buy” rating in a report on Thursday, July 11th.

Get Our Latest Research Report on HBR

Harbour Energy Company Profile

(Get Free Report)

Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves. The company holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. It is also involved in the decommissioning, financing, gas trading, and risk mitigation activities.

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