Harbour Energy (LON:HBR) Earns Buy Rating from Jefferies Financial Group

Harbour Energy (LON:HBR)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a research report issued on Friday,Digital Look reports. They presently have a GBX 295 target price on the stock. Jefferies Financial Group’s price objective points to a potential upside of 5.81% from the stock’s previous close.

A number of other research firms have also recently weighed in on HBR. Berenberg Bank decreased their price target on Harbour Energy from GBX 255 to GBX 245 and set a “hold” rating for the company in a report on Friday. JPMorgan Chase & Co. increased their target price on Harbour Energy from GBX 278 to GBX 318 and gave the stock a “neutral” rating in a research report on Wednesday, April 8th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a GBX 351 target price on shares of Harbour Energy in a research report on Thursday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Harbour Energy currently has an average rating of “Moderate Buy” and an average target price of GBX 299.83.

Harbour Energy Price Performance

Harbour Energy stock opened at GBX 278.80 on Friday. Harbour Energy has a 12-month low of GBX 167.20 and a 12-month high of GBX 321. The firm’s 50-day moving average is GBX 283.67 and its two-hundred day moving average is GBX 238.81. The company has a debt-to-equity ratio of 20.81, a current ratio of 1.04 and a quick ratio of 0.33. The stock has a market capitalization of £4.37 billion, a P/E ratio of -17.43, a P/E/G ratio of 0.04 and a beta of -0.23.

Insider Transactions at Harbour Energy

In related news, insider Blair Thomas sold 60,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of GBX 255, for a total transaction of £153,000,000. Also, insider Alexander Krane sold 421,062 shares of the company’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of GBX 267, for a total value of £1,124,235.54. 1.96% of the stock is owned by company insiders.

About Harbour Energy

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.