Harbour Energy (OTCMKTS:HBRIY) Shares Down 5.8% – Here’s Why

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY)’s share price traded down 5.8% on Monday. The company traded as low as $3.88 and last traded at $3.88. 31,588 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 42,537 shares. The stock had previously closed at $4.12.

Analyst Ratings Changes

HBRIY has been the subject of several research analyst reports. Barclays reiterated an “overweight” rating on shares of Harbour Energy in a report on Monday, October 5th. The Goldman Sachs Group raised Harbour Energy from a “hold” rating to a “buy” rating in a report on Thursday, September 10th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Harbour Energy presently has an average rating of “Moderate Buy”.

Harbour Energy Trading Down 5.6%

The company has a fifty day moving average price of $3.75 and a two-hundred day moving average price of $3.59. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.59 and a current ratio of 0.70.

Harbour Energy Company Profile

Harbour Energy plc is an independent oil and gas company headquartered in London, England. The company explores for, develops and produces hydrocarbons, with activities spanning the upstream energy value chain. Its portfolio includes oil and natural gas assets, and it also undertakes decommissioning work on mature fields and related infrastructure.

Harbour has historically maintained a significant presence in the United Kingdom’s North Sea and has expanded its international operations through acquisitions and new developments.