Harbour Energy (LON:HBR) Stock Price Up 1.8% – Still a Buy?

Harbour Energy plc (LON:HBR) shares shot up 1.8% during trading on Tuesday . The company traded as high as GBX 254.30 ($3.23) and last traded at GBX 254.30 ($3.23). 1,419,202 shares traded hands during trading, a decline of 54% from the average session volume of 3,056,242 shares. The stock had previously closed at GBX 249.90 ($3.17).

Harbour Energy Stock Performance

The company has a debt-to-equity ratio of 89.42, a quick ratio of 0.33 and a current ratio of 0.81. The stock has a fifty day simple moving average of GBX 265.57 and a two-hundred day simple moving average of GBX 287.84. The stock has a market capitalization of £3.64 billion, a price-to-earnings ratio of 2,825.56, a P/E/G ratio of 0.04 and a beta of -0.23.

Insider Buying and Selling

In other news, insider Simon Henry bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average cost of GBX 289 ($3.67) per share, with a total value of £57,800 ($73,350.25). Also, insider Blair Thomas sold 8,200,000 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of GBX 265 ($3.36), for a total value of £21,730,000 ($27,576,142.13). 64.08% of the stock is currently owned by insiders.

Harbour Energy Company Profile

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.